DA Davidson raised the firm’s price target on Airbnb (ABNB) to $131 from $125 and keeps a Neutral rating on the shares. The firm is adjusting its model for the stock after the company’s Q3 results and also to reflect the broader re-rating in large-cap Tech, the analyst tells investors in a research note. For FY25, Airbnb will continue to pursue its growth initiatives, including offering new products and services, as well as expanding in global markets, but will share additional details about 2025 growth and investment plans early next year, the firm adds.
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