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Thursday's analyst calls: Airbnb earnings reaction, e-commerce stock gets upgrade after big sell-off

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Investment Strategy News

Stock Markets,Airbnb Inc,Shopify Inc

A short-term home rental giant and an e-commerce platform were among the big names talked about by analysts on Thursday.

Analysts reacted to Airbnb's latest quarterly results, with some concerned about the company's growth prospects. Elsewhere, JPM Securities upgraded Shopify after the stock's worst day ever. Check out the latest calls and chatter below. All times ET. 5:59 a.m.: Cheesecake Factory has an attractive valuation, says Raymond James Cheesecake Factory stands out as an outperformer relative to its peers, according to Raymond James.

mountain SHOP 5-day chart Still, "our upgrade is driven by the potential for new merchant cohorts to contribute in 2025 and beyond, Plus subscription price increases coming on in 2H24, and our belief that the company remains a best-in-class eCommerce platform that is taking share and has multiple adjacencies across financial services, advertising, and merchant services," Boone said. Shares were up 1% in the premarket. — Fred Imbert 5:50 a.m.

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