Airbnb price target raised to $165 from $150 at Credit Suisse

Credit Suisse raised the firm’s price target on Airbnb to $165 from $150 and keeps a Neutral rating on the shares. Airbnb outperformed the firm’s revenue and adjusted EBITDA expectations as it it benefited from higher average daily rates and take rates that offset a shortfall in units as well as gross booking value, the analyst tells investors in a research note.