Is Airbnb Stock Going to $180? 1 Wall Street Analyst Thinks So
With the fading of the coronavirus pandemic, people around the world emerged from their lockdowns and social-distancing bubbles to start traveling again. Demand in the travel industry has been strong, benefiting companies throughout the sector, particularly the original large-scale DIY accommodation service Airbnb (NASDAQ: ABNB).
With shares up over 90% since the beginning of 2023, some might think the company's stock has flown too high. Susquehanna analyst Shyam Patil isn't one of them. Last month, he maintained his positive (read: buy) recommendation on the specialty travel company's shares while raising his price target from $160 to $180. That isn't too far above the shares' current level, so reaching it is a real possibility in the near term.
Patil's update came closely on the heels of Airbnb's fourth quarter and full-year 2023 earnings release. Many significant financial and operational metrics for the company rose on an annual basis. These included revenue (up 18%), free cash flow (up 12%), nights and experiences booked (up 14%), and active listings (up 18%).
Source Fool.com
travel BV ADR Stock
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the travel BV ADR stock is not clear.
With a target price of 3 € there is potential for a 439.57% increase which would mean more than doubling the current price of 0.56 € for travel BV ADR.
