On Monday, DA Davidson set a new price target for Airbnb Inc . (NASDAQ: NASDAQ:) at $131.00, up from the previous $125.00, while retaining a Neutral rating on the stock. The adjustment reflects a broader re-rating in the large-cap technology sector and a slight increase in the firm’s financial projections for Airbnb.
The 2025 Gross Bookings estimate has been raised to $90,679 million, marking an 11.4% year-over-year increase. Additionally, the 2025 revenue forecast has been updated to $12,345 million, up 11.7% year-over-year, and the 2025 adjusted EBITDA prediction is now set at $4,380 million, which would represent a 35.5% margin.
Airbnb’s third quarter of 2024 results surpassed expectations, with Nights/Experiences Booked reaching 122.8 million, an 8% increase year-over-year, and exceeding both the consensus of 121.4 million and DA Davidson’s estimate of 122.3 million.
The company’s Gross Booking (NASDAQ:) Value (GBV) was reported at $20.1 billion, up 10% both reported and…
