UPDATE: KeyBanc Starts Airbnb Inc. (ABNB) at Sector Weight

(updating comment)

KeyBanc analyst Edward Yruma initiates coverage on Airbnb Inc. (NASDAQ: ABNB) with a Sector Weight rating.

The analyst comments "We acknowledge that this is a best-in-class company with proven leadership, unique supply, and direct traffic advantages over peers. However, with shares trading at ~28.4x 2025E EV/EBITDA - vs. BKNG at 11.2x - we believe both re opening benefits and >30% annual medium term growth is already priced in. While we like the fundamental story and believe a traffic advantage is durable, we await a more compelling entry point."

For an analyst ratings summary and ratings history on Airbnb Inc. click here. For more ratings news on Airbnb Inc. click here.

Shares of Airbnb Inc. closed at $146.80 yesterday.

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