Airbnb's stock rose on Friday following post-earnings analyst reports highlighting that the company is well positioned to capitalize on the expected recovery in the travel industry.
Co-founder and CEO of Airbnb Brian Chesky speaks during an interview in Langa township, Cape Town, South Africa March 17, 2017.stock was up as much as 16% on Friday following a number of analyst reports highlighting that the company is well positioned to capitalize on the expected recovery in the travel industry.
"We continue to believe that ABNB remains the best asset in travel, and we like the fact that cost reductions have positioned the Co. well for the recovery in travel," wrote Jefferies, which raised its price target for Airbnb from $170 to $210. "Heading into 1Q21, we expect room night trends to improve with a meaningful recovery in 2H21," Mizuho wrote.
Stay in an Airbnb once. Never, ever again. I'll stick with hotels.
Congrats to those holding Airbnb stocks
This shouldn’t be a business model. Pimping out residential real estate by them & PE funds is extraordinarily damaging for those at the bottom of the ladder.
One analyst holds immense power.