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.