Citi analyst Ronald Josey raised the firm’s price target on Airbnb to $160 from $135 and keeps a Buy rating on the shares post the Q2 report. The analyst believes Airbnb will gain share in the lodging market and is impressed with the company reaching 7M in active listings. More fist-time bookers used Airbnb, which “speaks to the growing breadth of the platform,” the analyst tells investors in a research note.
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