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Analysts Offer Insights on Consumer Cyclical Companies: Tesla (TSLA), Airbnb (ABNB) and Installed Building Products (IBP)

Tipranks - Sat Aug 8, 10:46AM CDT

Analysts fell to the sidelines weighing in on Tesla (TSLA), Airbnb (ABNB) and Installed Building Products (IBP) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Tesla (TSLA)

UBS analyst Joseph Spak maintained a Hold rating on Tesla today and set a price target of $385.00. The company’s shares closed last Friday at $332.07.

According to TipRanks.com, Spak ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -9.7% and a 43.3% success rate. Spak covers the NA sector, focusing on stocks such as Mobileye Global, Inc. Class A, Penske Automotive Group, and Magna International. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Tesla with a $382.65 average price target, which is a 18.7% upside from current levels. In a report issued on July 23, TipRanks – PerPlexity also downgraded the stock to Hold with a $404.00 price target.

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Airbnb (ABNB)

In a report released today, Patrick Scholes from Truist Financial maintained a Hold rating on Airbnb. The company’s shares closed last Friday at $175.74.

According to TipRanks.com, Scholes is a 5-star analyst with an average return of 9.6% and a 58.1% success rate. Scholes covers the NA sector, focusing on stocks such as Marriott Vacations Worldwide Corporation, Hilton Worldwide Holdings, and Wyndham Hotels & Resorts. ;'>

Airbnb has an analyst consensus of Moderate Buy, with a price target consensus of $173.93, implying a 5.6% upside from current levels. In a report issued on July 30, UBS also maintained a Hold rating on the stock with a $163.00 price target.

Installed Building Products (IBP)

Truist Financial analyst Keith Hughes maintained a Hold rating on Installed Building Products today. The company’s shares closed last Friday at $241.43.

According to TipRanks.com, Hughes is a 5-star analyst with an average return of 17.0% and a 60.9% success rate. Hughes covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, SiteOne Landscape Supply, and Construction Partners. ;'>

Currently, the analyst consensus on Installed Building Products is a Hold with an average price target of $238.71, implying a -2.5% downside from current levels. In a report released yesterday, TipRanks – PerPlexity also downgraded the stock to Hold with a $260.00 price target.

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