Airbnb upgraded to Outperform from Neutral at Baird

Baird upgraded Airbnb (ABNB) to Outperform from Neutral with a price target of $175, up from $140, post the Q4 report. The company reported a “strong finish to 2024,” with Q1 likely the low-water mark for growth and margins in 2025, and significant platform expansion planned for later this year, the analyst tells investors in a research note. Baird says that while the shares have underperformed over the past 12 months and investor sentiment is mixed, with a “fortified” core business, Airbnb is now positioned for broader marketplace monetization, and accelerating growth in the second half of 2025.