Airbnb price target raised to $145 from $132 at DA Davidson

DA Davidson analyst Tom White raised the firm’s price target on Airbnb to $145 from $132 and keeps a Buy rating on the shares. The analyst is citing continued strong underlying travel demand trends and stable EBITDA margin assumptions while noting that Airbnb’s Q4 results and forward guidance offers further evidence that the adaptability of company’s model and the diversity of its accommodations supply will translate into financial performance.