Argus analyst John Staszak lowered the firm’s price target on Airbnb to $141 from $168 but keeps a Buy rating on the shares after its Q3 results last week. The demand for Airbnb rentals should remain strong in the U.S., driven by longer stays and growth in urban markets, and the company should also benefit from the easing of COVID-19 restrictions in China, growth in Latin America, and earlier-than-normal summer vacation bookings in Europe, the analyst tells investors in a research note.
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