Airbnb price target raised to $160 from $143 at UBS

UBS raised the firm’s price target on Airbnb (ABNB) to $160 from $143 and keeps a Neutral rating on the shares. UBS see near-term margin compression followed by expansion into the fourth quarter of 2025 and 2026 as incremental units and Gross Bookings roll through the P&L with Airbnb set to invest $200M-$250M into Marketing and Product Development in front of what should be a reimagined Experiences return in mid-2025, the analyst tells investors in a research note. Airbnb is starting to build on top of its baseline lodging marketplace with adjacent services that may see it grow volume faster than the Street anticipates with the return of Experiences, on top of what should be an ongoing expansion of its localization efforts outside its core markets, the firm says.