Airbnb (ABNB) Gets a Hold from Bank of America Securities
In a report released today, Justin Post from Bank of America Securities maintained a Hold rating on Airbnb, with a price target of $150.00.
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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 20.3% and a 61.49% success rate on recommended stocks.
Currently, the analyst consensus on Airbnb is a Moderate Buy with an average price target of $162.29.
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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