RBC Capital raised the firm’s price target on Airbnb (ABNB) to $130 from $120 and keeps a Sector Perform rating on the shares. The company’s Q3 print was mixed with modest upside to near-term fundamentals overshadowed by a weak Q4 margin guide and something of an investment cycle likely coming in FY25 related to its new and expanding business lines, the analyst tells investors in a research note.
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