DA Davidson Increases Airbnb (NASDAQ:ABNB) Price Target to $175.00

Airbnb (NASDAQ:ABNB) had its price objective boosted by research analysts at DA Davidson from $162.00 to $175.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price target would suggest a potential downside of 1.72% from the company’s previous close.

Several other brokerages have also recently commented on ABNB. Benchmark increased their target price on Airbnb from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Friday. The Goldman Sachs Group set a $170.00 target price on Airbnb in a report on Tuesday, July 28th. Citizens Jmp upped their price target on shares of Airbnb from $170.00 to $190.00 and gave the company a “market outperform” rating in a report on Friday. Weiss Ratings raised Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. upped their price objective on Airbnb from $140.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $171.97.

Airbnb Price Performance

ABNB stock opened at $178.07 on Friday. Airbnb has a twelve month low of $110.81 and a twelve month high of $178.48. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The company has a market cap of $107.32 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 1.89 and a beta of 1.14. The business’s 50-day simple moving average is $143.98 and its 200 day simple moving average is $135.89.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the previous year, the business posted $1.03 earnings per share. Airbnb’s quarterly revenue was up 16.3% on a year-over-year basis. On average, research analysts anticipate that Airbnb will post 4.97 earnings per share for the current year.

Insider Activity

In related news, insider Nathan Blecharczyk sold 13,615 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $151.80, for a total value of $2,066,757.00. Following the sale, the insider owned 12,370 shares in the company, valued at approximately $1,877,766. This represents a 52.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth I. Chenault sold 8,346 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $150.00, for a total value of $1,251,900.00. Following the sale, the director directly owned 40,879 shares of the company’s stock, valued at $6,131,850. This represents a 16.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 2,405,329 shares of company stock valued at $334,175,423. 27.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Airbnb

Hedge funds have recently bought and sold shares of the business. Transamerica Financial Advisors LLC increased its stake in Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after acquiring an additional 112 shares during the last quarter. Entrust Financial LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at $27,000. Meeder Asset Management Inc. increased its stake in shares of Airbnb by 96.3% in the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after buying an additional 175 shares in the last quarter. Finally, Wiser Advisor Group LLC acquired a new stake in Airbnb in the third quarter valued at about $27,000. 80.76% of the stock is owned by institutional investors.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Analyst optimism increased: DA Davidson raised its price target from $162 to $175 and upgraded Airbnb to “Buy.” While the target is modestly below the recent share price, the rating change signals improved confidence in the company’s outlook. Benzinga analyst action
• Positive Sentiment: Wedbush also upgraded Airbnb, adding to the favorable analyst sentiment surrounding the stock. Airbnb upgraded at Wedbush
• Positive Sentiment: Airbnb recently reached a new one-year high after reporting better-than-expected earnings, reflecting investor enthusiasm over its operating performance. Airbnb sets new one-year high
• Positive Sentiment: Investors have also been encouraged by an improved revenue forecast and potential benefits from artificial-intelligence initiatives. The company’s asset-light marketplace, more than 9 million listings and global reach remain key long-term attractions. Airbnb revenue forecast and AI initiatives
• Positive Sentiment: Unusually large trading activity in Airbnb call options suggests that some traders are positioning for further gains, though options activity is not a guarantee of future performance. Airbnb call options activity
• Neutral Sentiment: Analysts have issued mixed target changes, including targets of $160, $170 and $190. The $190 target implies additional upside, while the lower targets highlight valuation concerns after the recent rally. Airbnb price target raised to $190 Airbnb price target raised to $160
• Neutral Sentiment: Recent comparison articles favor Airbnb’s scalable marketplace model but do not represent new company-specific developments or formal analyst actions. Airbnb versus McDonald’s

About Airbnb

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.