Airbnb (ABNB) Receives a Rating Update from a Top Analyst

In a report released yesterday, Justin Post from Bank of America Securities maintained a Hold rating on Airbnb (ABNB – Research Report), with a price target of $146.00. The company’s shares closed yesterday at $138.81.

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According to TipRanks, Post is a top 25 analyst with an average return of 23.2% and a 69.90% success rate. Post covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Alphabet Class C.

In addition to Bank of America Securities, Airbnb also received a Hold from BTIG’s Jake Fuller in a report issued on May 28. However, on June 2, Citi maintained a Buy rating on Airbnb (NASDAQ: ABNB).

Based on Airbnb’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.27 billion and a net profit of $154 million. In comparison, last year the company earned a revenue of $2.14 billion and had a net profit of $264 million