Airbnb price target raised to $142 from $132 at BofA

BofA raised the firm’s price target on Airbnb to $142 from $132 and keeps a Neutral rating on the shares. AirDNA estimates Airbnb’s nights booked were up 15% year-over-year in September, accelerating from 13% year-over-year growth seen in August, the analyst tells investors. The firm, which would look for signs of acceleration in core nights in the U.S. to be more constructive on the stock, is applying a higher multiple to its estimates due to multiple expansion in the Internet sector post recent interest rate cuts.