BofA raised the firm’s price target on Airbnb (ABNB) to $170 from $151 and keeps a Neutral rating on the shares following a “strong” Q4 with a “big December.” The firm thinks fears on big investment spending in 2025 impacted stock performance in 2024 and while Airbnb will be investing, BofA thinks the company’s margin guidance may ease concerns. While the firm sees positives in the quarter, its estimate changes are “modest,” the analyst added.
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Read More on ABNB:
- Airbnb price target raised to $120 from $110 at Barclays
- Airbnb upgraded to Hold from Sell at Gordon Haskett
- Strong Market Position and Growth Potential Drive Buy Rating for Airbnb Amid Impressive Q4 Results and Strategic Expansion Plans
- Airbnb upgraded to Outperform from Neutral at Baird
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