Phillip Securities has revised its stance on Airbnb (ABNB, Financial), elevating its rating from Reduce to Neutral with a new price target set at $112, down from a previous $120. This shift comes as the company experiences significant double-digit growth in emerging markets, leading to a notable increase in new users and booking volume.
The firm’s decision to upgrade the stock also reflects the recent improvement in Airbnb’s share price. Despite this positive momentum, Phillip Securities remains cautious about the company’s outlook for fiscal year 2025, citing potential macroeconomic challenges and a possible decline in consumer demand. These factors contribute to a conservative stance on the overall anticipation for Airbnb’s future performance.
Based on the one-year price targets offered by 33 analysts, the average target price for Airbnb Inc (ABNB, Financial) is $149.29 with a high estimate of $200.00 and a low estimate of $95.00. The average target…
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