In a report released today, Kevin Kopelman from TD Cowen maintained a Buy rating on Airbnb, with a price target of $150.00.
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Kevin Kopelman’s rating is based on Airbnb’s impressive performance and strategic initiatives. The company showed significant growth in Q3, with nights and seats increasing by 8.8%, surpassing expectations. This growth helped narrow the gap with competitors like Booking Holdings. Additionally, the uptake of the Reserve Now, Pay Later service in the US contributed to this positive trend, and its planned broader rollout is expected to further enhance growth.
Moreover, Airbnb’s guidance for Q4 indicates continued strength, with an estimated growth of 5.5-6.5%, despite challenging comparisons. The company also raised its 2025 margin guidance and showed stability in its 2026 margins, reflecting confidence in its refined product launch strategy. These factors, combined with an upward revision of the 2026 EPS and a reiterated price target of $150, underpin Kopelman’s Buy rating.