Airbnb price target raised to $131 from $110 at Piper Sandler

Piper Sandler analyst Thomas Champion raised the firm’s price target on Airbnb (ABNB) to $131 from $110 and keeps a Neutral rating on the shares. The company’s Q4 results featured booking volume and revenue that was essentially in-line, while EBITDA results were above the Street, the analyst tells investors in a research note. Airbnb’s growth again decelerated, but demand remains strong, says Piper. The firm still has concerns around the stock’s valuation and prefers Expedia (EXPE) within online travel.