Airbnb

Barclays analyst Mario Lu maintains Airbnb (NASDAQ:ABNB) with a Underweight and raises the price target from $100 to $110.

Airbnb (ABNB) said it will charge a higher guest service fee for cross-currency bookings starting April 1. In a notice on its website, the vacation rental company said an additional amount will be added to the service fee if the guest pays using currencies other than the one used by the host for the listing. “For these cross-currency bookings, the guest service fee will include an additional amount, resulting in a guest service fee of up to 16.5% of the booking subtotal,” the notice said. Most guest service fees are currently under 14.2% of the booking subtotal.

Airbnb (NASDAQ:ABNB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/17/2024 12.65% Mizuho $130 → $150 Maintains Neutral 01/09/2024 0.64% BMO Capital → $134 Initiates Coverage On → Market Perform 12/12/2023 -24.9% Barclays $135 → $100 Downgrades Equal-Weight → Underweight 12/08/2023 — DBS Bank Downgrades Buy → Hold 11/29/2023 5.14% Jefferies $155 → $140 Downgrades Buy → Hold 11/17/2023 2.14% Evercore ISI Group → $136 Downgrades Outperform → In-Line 11/03/2023 20.17% Susquehanna $165 → $160 Maintains Positive 11/02/2023 -11.38% JP Morgan $130 → $118 Maintains Neutral 11/02/2023 -7.62% Piper Sandler $142 → $123 Maintains Neutral 11/02/2023 -21.14% Morgan Stanley $110 → $105 Maintains Underweight 11/02/2023 1.39% Wedbush $145 → $135 Maintains Neutral 11/02/2023 12.65% Needham $160 → $150 Maintains Buy 10/31/2023 -2.37% Mizuho $150 → $130 Maintains Neutral 10/24/2023 — Seaport Global Initiates Coverage On → Neutral 10/03/2023 — Keybanc Downgrades Overweight

Airbnb (NASDAQ:ABNB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 -3.42% BMO Capital → $134 Initiates Coverage On → Market Perform 12/12/2023 -27.93% Barclays $135 → $100 Downgrades Equal-Weight → Underweight 12/08/2023 — DBS Bank Downgrades Buy → Hold 11/29/2023 0.9% Jefferies $155 → $140 Downgrades Buy → Hold 11/17/2023 -1.98% Evercore ISI Group → $136 Downgrades Outperform → In-Line 11/03/2023 15.32% Susquehanna $165 → $160 Maintains Positive 11/02/2023 -14.95% JP Morgan $130 → $118 Maintains Neutral 11/02/2023 -11.35% Piper Sandler $142 → $123 Maintains Neutral 11/02/2023 -24.32% Morgan Stanley $110 → $105 Maintains Underweight 11/02/2023 -2.7% Wedbush $145 → $135 Maintains Neutral 11/02/2023 8.11% Needham $160 → $150 Maintains Buy 10/31/2023 -6.31% Mizuho $150 → $130 Maintains Neutral 10/24/2023 — Seaport Global Initiates Coverage On → Neutral 10/03/2023 — Keybanc Downgrades Overweight → Sector Weight 09/15/2023 -9.19% Truist Securities $116

Airbnb (ABNB) reported Q3 net income Wednesday of $6.63 per diluted share, up from $1.79 a year earlier. Analysts polled by Capital IQ expected $2.10. Revenue in the quarter ended Sept. 30 was $3.4 billion, up from $2.88 billion a year earlier. Analysts surveyed by Capital IQ expected $3.37 billion. For Q4, the company said it expects revenue of $2.13 billion to $2.17 billion. Analysts polled by Capital IQ expect $2.18 billion.