Airbnb (ABNB) Receives a Rating Update from a Top Analyst

Bank of America Securities analyst Justin Post maintained a Hold rating on Airbnb (ABNBResearch Report) today and set a price target of $130.00. The company’s shares opened today at $100.36.

Post covers the Technology sector, focusing on stocks such as Meta Platforms, Apple, and Pinterest. According to TipRanks, Post has an average return of 20.7% and a 64.17% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Airbnb with a $121.75 average price target, implying a 21.31% upside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a $105.00 price target.

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ABNB market cap is currently $66.61B and has a P/E ratio of 44.02.

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Founded in 2007, California-based Airbnb, Inc. is an online marketplace which connects hosts and guests online or through mobile devices to book travel services and accommodation facilities worldwide. The company provides apartments, villas, bungalows, private homestays, and tourism services.

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