Airbnb price target raised to $122 from $114 at Cantor Fitzgerald

Cantor Fitzgerald analyst Deepak Mathivanan raised the firm’s price target on Airbnb (ABNB) to $122 from $114 and keeps an Underweight rating on the shares as part of a broader note on Internet Stocks. The fundamental backdrop for Internet Stocks remains healthy entering 2025, despite emerging risks like tariffs, and the pace of innovation in areas such as AI, AVs, robotics, and quantum computing is accelerating, the analyst tells investors in a research note. The firm expects digital ads, e-commerce, and mobility, to deliver strong growth and margin expansion in 2025.