Jefferies Upgrades Airbnb Inc. (ABNB) to Buy

Jefferies analyst John Colantuoni upgraded Airbnb Inc. (NASDAQ: ABNB) from Hold to Buy with a price target of $185.00 (from $165.00).

The analyst comments: "We believe lodging share gains will be augmented by increased adoption of experiences, an opportunity ABNB is uniquely well positioned to capture. In addition, we est that growth is further bolstered by take rate upside, driven mostly by the launch of sponsored listings. Our analysis shows the core lodging business alone is worth ABNB’s current value, implying zero is being ascribed to experiences or take rate. We upgrade to Buy and raise our PT to $185."

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 $134.39 yesterday.

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