PhillipCapital Upgrades Airbnb Inc. (ABNB) to Neutral (3)

PhillipCapital upgraded Airbnb Inc. (NASDAQ: ABNB) from Reduce (4) to Neutral (3) with a price target of $127.00 (from $112.00).

The analyst comments: "We upgrade our recommendation from to NEUTRAL from REDUCE due to recent price performance. We raise our DCF target price to US$127.00 (prev. US$112.00), while FY25e revenue estimates remain unchanged. We maintain a WACC of 7.0%, but raise the terminal growth rate to 3.5% (prev. 3.0%) to reflect stabilising travel demand. We expect modest sales growth through 2025, driven by stable travel demand and strong growth in Asia Pacific and Latin America. New initiatives like local experiences may take until FY26e to scale and contribute meaningfully."

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 $121.02 yesterday.

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