Airbnb price target raised to $143 from $142 at UBS

UBS analyst Stephen Ju raised the firm’s price target on Airbnb (ABNB) to $143 from $142 and keeps a Neutral rating on the shares. While UBS sees the potential for upside on the fourth quarter result across the major online travel players, the firm is pricing in foreign exchange headwinds into its forecasts given the strengthening U.S. dollar vs global currencies, which should result in what amounts to a 2%-3% headwind to gross bookings and revenue growth on a reported basis for 2025, but this is largely priced in already, the analyst tells investors in a research note. For Airbnb, the firm continues to wait for signals to suggest reaccelerating volume growth or greater monetization on various value added services.