Airbnb price target raised to $142 from $121 at JPMorgan

JPMorgan analyst Doug Anmuth raised the firm’s price target on Airbnb (ABNB) to $142 from $121 and keeps a Neutral rating on the shares. The company’s Q3 results were mostly in-line with investor expectations, the analyst tells investors in a research note. The firm says that despite shorter booking windows and signs of slowing demand from U.S. guests in Q2, Airbnb’s broad-based strength in demand trends and a normalization of booking lead times drove growth through Q3 and into Q4.