Analyst Kevin Kopelman of TD Cowen maintained a Buy rating on Airbnb (ABNB – Research Report), with a price target of $155.00.
Kevin Kopelman’s rating is based on Airbnb’s anticipated strong performance despite some uncertainties. He acknowledges potential challenges in the 2025 margin projections but believes that the company’s strategic investments in core headcount and marketing will ultimately strengthen its position. Moreover, he highlights that the expected increase in expenditures for new services could become revenue drivers in the latter half of the year, enhancing overall profitability.
Additionally, Kopelman points to Airbnb’s history of exceeding EBITDA expectations, which could bolster investor confidence. Even though there are anticipated revenue headwinds in the first quarter due to factors like foreign exchange rates and calendar shifts, he suggests these are already accounted for in stock prices. Furthermore, Airbnb’s less volatile performance compared to competitors like Expedia supports his optimistic outlook, justifying the Buy rating.