Airbnb price target raised to $146 from $135 at BofA

BofA analyst Justin Post raised the firm’s price target on Airbnb (ABNB) to $146 from $135 and keeps a Neutral rating on the shares. AirDNA estimates nights booked based on date of booking accelerated in June to 17% year-over-year growth from 12% year-over-year growth in May, the analyst tells investors. While AirDNA’s estimates are ” subject to estimation error,” the June data helps offset concerns on potential AA deceleration and share shift to Booking (BKNG), the analyst added.