Airbnb named a top pick for 2025 at Wedbush

Wedbush named Airbnb (ABNB) a top pick for 2025. The firm believes Airbnb is well-positioned to deliver accelerating room night growth in 2025 against easing comps, and continues to see multiple drivers of growth, including the ongoing mix shift to expansion markets, take rate expansion supported by monetization improvements and new host/guest services, and growth beyond the core. Investors will continue to debate the near-term margin trajectory, though Wedbush sees minimal downside risk relative to current consensus for 2025 as expectations have largely been reset. The firm has an Outperform rating on the shares with a price target of $155.