Shares of Airbnb (NASDAQ:ABNB) are down in today’s trading session after getting hit with a short report from The Bear Cave. The short seller pointed to customer sentiment that is shifting against the platform due to cleaning requirements, last-second cancellations, hidden cameras, and other horror stories.
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In addition, the best hosts on the platform that are professionally managed are building out their own booking platforms while offering more competitive prices than Airbnb.
Overall, Wall Street is still bullish on ABNB stock. Indeed, analysts have a consensus price target of $142.89, implying over 28.46% upside potential, as indicated by the graphic above.