Airbnb price target lowered to $155 from $170 at Citi
TipRanks
May. 5, 2025, 04:15 AM
Citi lowered the firm’s price target on Airbnb (ABNB) to $155 from $170 and keeps a Buy rating on the shares post the Q1 report. The firm says that while the results were “relatively mixed,” it is encouraged with progress across Airbnb’s Next9 markets. The company’s summer product release on May 13 should lay the foundation for improving bookings growth going forward, the analyst tells investors in a research note. Citi cites macro risk for the target cut.
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