RBC Capital raised the agency’s value goal on Airbnb (ABNB) to $160 from $130 and retains a Sector Carry out ranking on the shares. The corporate’s This fall report was better-than-feared, and positively, the administration introduced incremental investments to help varied progress initiatives, the analyst tells buyers in a analysis notice. Airbnb is on a transparent path to broaden its complete addressable market past core stays the place the power of its model will proceed to look compelling to long-term buyers and fairly supportive of the a number of, RBC provides.
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