Airbnb price target raised to $145 from $135 at Loop Capital

Loop Capital analyst Rob Sanderson raised the firm’s price target on Airbnb to $145 from $135 and keeps a Buy rating on the shares after its Q4 upside and "positive outlook". The stock is expected to command a high multiple as a disruptor in the leisure travel industry, with a "meaningful" total addressable market expansion being driven by a "live anywhere" lifestyle, the analyst tells investors in a research note. While the current expectations for sub-20% unit growth and declining selling prices suggest that the stock appears to be approaching full valuation, its margin story makes it "highly investable", the firm added.