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Jefferies Remains a Buy on Airbnb (ABNB)

In a report released yesterday, John Colantuoni from Jefferies maintained a Buy rating on Airbnb (ABNBResearch Report), with a price target of $140.00. The company’s shares closed last Tuesday at $116.34.

According to TipRanks.com, Colantuoni has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -21.7% and a 23.9% success rate. Colantuoni covers the Consumer Goods sector, focusing on stocks such as ACV Auctions, Mercadolibre, and Carvana Co.

Airbnb has an analyst consensus of Moderate Buy, with a price target consensus of $138.21, implying a 23.8% upside from current levels. In a report issued on August 1, KeyBanc also maintained a Buy rating on the stock with a $145.00 price target.

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Based on Airbnb’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.51 billion and GAAP net loss of $18.79 million. In comparison, last year the company earned revenue of $887 million and had a GAAP net loss of $1.17 billion.

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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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