Airbnb (ABNB) was downgraded to a Sell Rating at Truist Financial

Airbnb (ABNB – Research Report) received a Sell rating and a $106.00 price target from Truist Financial analyst Patrick Scholes today. The company’s shares closed yesterday at $128.36.

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Scholes covers the Consumer Cyclical sector, focusing on stocks such as Choice Hotels, Hyatt Hotels, and Marriott International. According to TipRanks, Scholes has an average return of 6.7% and a 52.34% success rate on recommended stocks.

In addition to Truist Financial, Airbnb also received a Sell from Phillip Securities’s Paul Chew in a report issued on May 15. However, on May 28, BTIG maintained a Hold rating on Airbnb (NASDAQ: ABNB).

The company has a one-year high of $163.93 and a one-year low of $99.88. Currently, Airbnb has an average volume of 5.86M.