Airbnb's International Expansion Drives Analyst Upgrades
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2024
0mins
Should l Buy ABNB?
Source: Benzinga
Airbnb Inc's stock fell 3.87% and hit a 20-day low amid broader market weakness, with the Nasdaq-100 down 1.17% and the S&P 500 down 0.48%.
The stock received four analyst upgrades in January, driven by expectations surrounding its international expansion and the upcoming 2026 World Cup, which are seen as key growth catalysts. Analysts are optimistic about Airbnb's ability to leverage these events for increased revenue, particularly as the company earns a significant portion of its revenue from international markets.
Despite the current price decline, the positive outlook from analysts suggests that Airbnb may rebound as it capitalizes on these growth opportunities, especially with the anticipated boost in travel demand related to the World Cup.
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Analyst Views on ABNB
Wall Street analysts forecast ABNB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ABNB is 144.85 USD with a low forecast of 107.00 USD and a high forecast of 180.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
29 Analyst Rating
12 Buy
16 Hold
1 Sell
Moderate Buy
Current: 121.270
Low
107.00
Averages
144.85
High
180.00
Current: 121.270
Low
107.00
Averages
144.85
High
180.00
About ABNB
Airbnb, Inc. operates a global platform for stays and experiences. The Company’s marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences around the world. The Company has built its platform to onboard new hosts, especially those who previously had not considered hosting. It partners with hosts throughout the process of setting up their listing and provides them with a suite of tools to manage their listings, including scheduling, merchandising, integrated payments, community support, host protection, pricing guidance, and feedback from reviews. Its Website and mobile applications provide its guests with a way to explore a variety of homes and experiences and an easy way to book them. Its technology platform powers its two-sided marketplace and enables its global network of hosts and guests. It owns a trademark portfolio with protection in 220 countries in which it operates for its primary brands, AIRBNB, and its Belo logo.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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