JMP Securities analyst Nicholas Jones CFA has maintained their neutral stance on ABNB stock, giving a Hold rating today.
Nicholas Jones CFA’s rating is based on Airbnb’s recent performance and future prospects. The company reported strong fourth-quarter results for 2024, surpassing expectations in both revenue and adjusted EBITDA. However, the guidance for the first quarter of 2025 indicates challenges due to foreign exchange pressures and difficult year-over-year comparisons. While Airbnb plans significant investments in new business ventures, these are expected to impact margins and lead to deleveraging, especially in the early quarters of 2025.
Despite these investments, management has set a minimum adjusted EBITDA margin target of 34.5% for 2025. Although Airbnb remains a dominant player in the market and the outlook appears positive, the results do not significantly alter the existing thesis. Therefore, the stock is considered fairly valued at its current multiple, leading to the decision to maintain a Hold rating.
In another report released today, Goldman Sachs also upgraded the stock to a Hold with a $153.00 price target.
ABNB’s price has also changed moderately for the past six months – from $116.900 to $141.040, which is a 20.65% increase.