Airbnb price target lowered to $150 from $160 at Needham

Needham analyst Bernie McTernan lowered the firm’s price target on Airbnb to $150 from $160 and keeps a Buy rating on the shares after its Q3 results and guidance. The company’s results have largely been consistent amid the uncertainty they have faced over the past year, though uncertainty continues to swirl around the industry backdrop for travel, given the commentary from ABNB on recent bookings volatility driven by macro and geopolitical factors, the analyst tells investors in a research note.