Phillip Securities has revised its stance on Airbnb (ABNB, Financial), elevating its rating from Reduce to Neutral with a new price target set at $112, down from a previous $120. This shift comes as the company experiences significant double-digit growth in emerging markets, leading to a notable increase in new users and booking volume.
The firm's decision to upgrade the stock also reflects the recent improvement in Airbnb's share price. Despite this positive momentum, Phillip Securities remains cautious about the company's outlook for fiscal year 2025, citing potential macroeconomic challenges and a possible decline in consumer demand. These factors contribute to a conservative stance on the overall anticipation for Airbnb's future performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 33 analysts, the average target price for Airbnb Inc (ABNB, Financial) is $149.29 with a high estimate of $200.00 and a low estimate of $95.00. The average target implies an upside of 29.92% from the current price of $114.91. More detailed estimate data can be found on the Airbnb Inc (ABNB) Forecast page.
Based on the consensus recommendation from 46 brokerage firms, Airbnb Inc's (ABNB, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Airbnb Inc (ABNB, Financial) in one year is $187.83, suggesting a upside of 63.46% from the current price of $114.91. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Airbnb Inc (ABNB) Summary page.
