TD Cowen Keeps Their Buy Rating on Airbnb (ABNB)

TD Cowen analyst Kevin Kopelman maintained a Buy rating on Airbnb (ABNB – Research Report) today and set a price target of $130.00. The company’s shares closed yesterday at $138.05.

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Kopelman covers the Consumer Cyclical sector, focusing on stocks such as Booking Holdings, Airbnb, and Trip.com Group Sponsored ADR. According to TipRanks, Kopelman has an average return of 8.0% and a 61.38% success rate on recommended stocks.

Currently, the analyst consensus on Airbnb is a Hold with an average price target of $145.52, implying a 5.41% upside from current levels. In a report released today, Citi also reiterated a Buy rating on the stock with a $155.00 price target.

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