Reported 4 months ago
Wedbush Securities upgraded Airbnb (ABNB) from Neutral to Outperform, increasing its price target to $165 from $160. The investment firm highlighted Airbnb's strong web traffic amid a rise in consumer interest for vacations, encouraging investors to capitalize on the company's current relative weakness. Analysts are questioning whether the spike in web traffic will translate into actual bookings for Airbnb, especially as the travel industry navigates the post-COVID recovery phase.
Source: YAHOO