B.Riley Financial Keeps Their Hold Rating on Airbnb (ABNB)

In a report released today, Naved Khan from B.Riley Financial maintained a Hold rating on Airbnb (ABNB – Research Report), with a price target of $140.00. The company’s shares closed yesterday at $124.01.

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According to TipRanks, Khan is a 5-star analyst with an average return of 17.7% and a 59.48% success rate. Khan covers the Consumer Cyclical sector, focusing on stocks such as Booking Holdings, TripAdvisor, and Airbnb.

In addition to B.Riley Financial, Airbnb also received a Hold from Needham’s Bernie McTernan in a report issued today. However, on the same day, Benchmark Co. maintained a Buy rating on Airbnb (NASDAQ: ABNB).

Based on Airbnb’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.48 billion and a net profit of $461 million. In comparison, last year the company earned a revenue of $2.22 billion and had a GAAP net loss of $349 million