Airbnb price target raised to $160 from $154 at Credit Suisse

Credit Suisse analyst Stephen Ju raised the firm’s price target on Airbnb to $160 from $154 and keeps a Neutral rating on the shares following quarterly results. The firm notes outperformance was driven by better-than-expected GBV led by higher ADRs. Nights and Experiences fell modestly short of Credit Suisse’s estimates but increased 20% year-over-year.