Canaccord raised the firm’s price target on Airbnb (ABNB) to $190 from $165 and keeps a Buy rating on the shares. The firm said they reported strong Q4 results with gross bookings, revenue, and adj. EBITDA all firmly ahead of consensus. Canaccord continues to think the company is leading a large market in the early phases of evolution with mid-30s adj. EBITDA margin and double-digit growth.
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Read More on ABNB:
- Airbnb price target raised to $170 from $151 at BofA
- Airbnb price target raised to $120 from $110 at Barclays
- Airbnb upgraded to Hold from Sell at Gordon Haskett
- Strong Market Position and Growth Potential Drive Buy Rating for Airbnb Amid Impressive Q4 Results and Strategic Expansion Plans
- Airbnb upgraded to Outperform from Neutral at Baird