Airbnb price target raised to $160 from $150 at Evercore ISI

Evercore ISI analyst Mark Mahaney raised the firm’s price target on Airbnb to $160 from $150 and keeps an Outperform rating on the shares following what the firm calls "largely Beat & Raise Q4 EPS results." Something "especially noteworthy" was the disclosure that Global Active Listings growth accelerated from Q3 and reached 6.6M at year end, as this overturns a key bear concern that Airbnb has a structural supply problem, the analyst tells investors.