Airbnb (NASDAQ:ABNB) Now Covered by Evercore ISI

Equities research analysts at Evercore ISI started coverage on shares of Airbnb (NASDAQ:ABNB) in a report released on Tuesday, Benzinga reports. The brokerage set an “outperform” rating and a $245.00 price target on the stock. Evercore ISI’s target price points to a potential upside of 38.87% from the stock’s current price.

A number of other brokerages have also recently issued reports on ABNB. Atlantic Securities cut shares of Airbnb from an “overweight” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research note on Tuesday, January 5th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of Airbnb in a research note on Tuesday, January 5th. They issued a “neutral” rating and a $165.00 price objective for the company. Canaccord Genuity increased their price objective on shares of Airbnb from $175.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 4th. Bank of America assumed coverage on shares of Airbnb in a research note on Monday, January 4th. They issued a “neutral” rating and a $158.00 price objective for the company. Finally, DA Davidson increased their price objective on shares of Airbnb from $172.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, March 4th. Two equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and thirteen have issued a buy rating to the company. Airbnb currently has a consensus rating of “Hold” and a consensus price target of $174.62.

ABNB stock opened at $176.43 on Tuesday. The business has a 50 day simple moving average of $188.47. Airbnb has a 12 month low of $121.50 and a 12 month high of $219.94.

Airbnb (NASDAQ:ABNB) last released its earnings results on Wednesday, February 24th. The company reported ($10.84) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($9.18) by ($1.66). The company had revenue of $859.26 million for the quarter, compared to analysts’ expectations of $740.79 million. On average, sell-side analysts predict that Airbnb will post -13.96 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of ABNB. Price T Rowe Associates Inc. MD bought a new stake in Airbnb during the 4th quarter worth about $1,585,718,000. FMR LLC acquired a new position in Airbnb during the 4th quarter valued at about $846,944,000. Silver Lake Group L.L.C. acquired a new position in Airbnb during the 4th quarter valued at about $375,721,000. Morgan Stanley acquired a new position in Airbnb during the 4th quarter valued at about $343,849,000. Finally, Sands Capital Management LLC acquired a new position in Airbnb during the 4th quarter valued at about $316,298,000.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform for stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms and luxury villas. The company was formerly known as AirBed & Breakfast, Inc and changed its name to Airbnb, Inc in November 2010.

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Analyst Recommendations for Airbnb (NASDAQ:ABNB)

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