Airbnb price target raised to $168 from $124 at Argus

Argus raised the firm’s price target on Airbnb to $168 from $124 and keeps a Buy rating on the shares. Demand for Airbnb rentals should remain strong in the U.S., driven by longer stays and growth in urban markets, and the company should also benefit from the easing of Covid-19 restrictions in China, growth in Latin America, and earlier-than-normal summer vacation bookings in Europe, the analyst tells investors in a research note.