Morgan Stanley lowered the firm’s price target on Airbnb (ABNB) to $125 from $130 and keeps an Underweight rating on the shares. Following Airbnb’s lower than expected Q1 Room Night growth and Q2 Room Night guidance, the firm lowered its FY26 Bookings, adjusted EBITDA and EPS forecasts by 2%, 2% and 3%, respectively.
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