Airbnb To $154? These Analysts Slash Price Targets On Airbnb Following Q3 Results

Airbnb, Inc. ABNB reported better-than-expected earnings for its third quarter.

Airbnb reported third-quarter revenue of $2.88 billion, which beat average analyst estimates of $2.84 billion. The company reported quarterly earnings of $1.79 per share, which beat average estimates of $1.45 per share.

Airbnb expects fourth-quarter revenue to be between $1.8 billion and $1.88 billion versus average estimates of $1.85 billion.

Airbnb shares fell 6% to $102.50 in pre-market trading.

These analysts made changes to their price targets on Airbnb following the release of quarterly results.

  • Keybanc cut price target on the stock from $145 to $142. Steph Keybanc analyst Justin Patterson maintained an Overweight rating on the stock.
  • Piper Sandler lowered Airbnb price target from $121 to $110. Piper Sandler analyst Thomas Champion maintained a Neutral rating on the stock.
  • Goldman Sachs reduced the price target on Airbnb from $100 to $98. Goldman Sachs analyst Eric Sheridan maintained a Sell rating on the stock.
  • Credit Suisse cut price target on Airbnb from $165 to $154. Credit Suisse analyst Stephen Ju maintained the stock with a Neutral.
  • UBS lowered the price target on Airbnb from $120 to $112. UBS analyst Lloyd Walmsley maintained the stock with a Neutral.
  • Baird cut the price target on Airbnb from $140 to $120. Baird analyst Colin Sebastian maintained the stock with an Outperform.
  • Mizuho lowered the price target on Airbnb from $135 to $125. Mizuho analyst James Lee maintained a Neutral rating on the stock.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPrice TargetPre-Market OutlookMarketsAnalyst RatingsTrading IdeasPT cuts
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!