BUZZ-Brokerages lift Airbnb's PT on 2026 forecast raise, growth initiatives
Airbnb, Inc. ABNB | 0.00 |
** Multiple brokerages lift Airbnb's ABNB.O price target on growth initiatives
** On Thursday, ABNB raised its 2026 revenue growth forecast to the "low- to mid-teens", compared with "at least low double-digits" earlier
** Baird says co is benefiting from RNPL (pay later) use, ramping app engagement, fee simplification, insurance, and international expansion
** B. Riley adds that tweaks to cancellation policy, international expansion, addition of hotel inventory and rollout of AI-powered search should drive growth over the near/medium term
** Jefferies says it is encouraged by ABNB revising its FY26 EBITDA margin outlook from "stable YoY" (35%) to "at least 35%", along with faster growth in international expansion markets, increased hotel penetration and product initiatives
** As of last close, shares up 3.5% YTD
** Following are the new PTs:
Brokerage |
New PT |
Old PT |
Baird |
$150 |
$145 |
J.P. Morgan |
$140 |
$130 |
TD Cowen |
$170 |
$160 |
Susquehanna |
$170 |
$150 |
Citi |
$175 |
$155 |
Wells Fargo |
$181 |
$178 |
RBC Capital |
$173 |
$170 |
