Airbnb (ABNB) Gets a Hold from Bank of America Securities
Bank of America Securities analyst Justin Post maintained a Hold rating on Airbnb yesterday and set a price target of $150.00. The company’s shares closed yesterday at $131.16.
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Post covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Alphabet Class C. According to TipRanks, Post has an average return of 21.9% and a 63.51% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Airbnb with a $161.73 average price target, implying a 23.31% upside from current levels. In a report released on May 11, Phillip Securities also downgraded the stock to a Hold with a $136.00 price target.
Based on Airbnb’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.68 billion and a net profit of $160 million. In comparison, last year the company earned a revenue of $2.27 billion and had a net profit of $154 million
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