Airbnb price target raised to $145 from $140 at JPMorgan

JPMorgan analyst Doug Anmuth raised the firm’s price target on Airbnb to $145 from $140 and keeps a Neutral rating on the shares. The company’s Q1 results were solid but the Q2 guidance was more mixed, with investors focused on the lack of acceleration in N&E booked and softer adjusted EBITDA, the analyst tells investors in a research note. The firm says the results were not thesis changing. It expects the company’s growth sustainability to remain the biggest pushback from investors.