Airbnb: upbeat with broker upgrade

(CercleFinance.com) - Airbnb gained 1% in early trading on Wall Street, helped by Wedbush, which raised its opinion from 'neutral' to 'outperform' and increased its price target from $160 to $165 on the home rental platform's stock.


The broker suggests that investors take advantage of the stock's period of relative weakness (-8.5% since May 8), and sees upside potential in short-term estimates, after second-quarter forecasts that he considers cautious.

Copyright (c) 2024 CercleFinance.com. All rights reserved.