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Wells Fargo Sticks to Its Buy Rating for Airbnb (ABNB)

Tipranks - Tipranks - Sat Jun 13, 4:44AM CDT

Wells Fargo analyst Ken Gawrelski maintained a Buy rating on Airbnb yesterday and set a price target of $181.00. The company’s shares closed yesterday at $130.87.

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According to TipRanks, Gawrelski is a 4-star analyst with an average return of 4.2% and a 48.45% success rate. Gawrelski covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Airbnb, and Booking Holdings.

In addition to Wells Fargo, Airbnb also received a Buy from Bernstein’s Richard Clarke in a report issued on May 29. However, today, Bank of America Securities maintained a Hold rating on Airbnb (NASDAQ: ABNB).

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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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