Airbnb price target raised to $130 from $120 at Truist

Truist raised the firm’s price target on Airbnb to $130 from $120 and keeps a Hold rating on the shares as part of a broader research note previewing Q1 earnings in Lodging. The firm believes that management commentary will remain positive and optimistic, and the analyst updates his model on the stock to assume a 20-times multiple for Airbnb enterprise value to expected 2025 adjusted EBITDA.