Goldman Sachs Reiterates Sell Rating on Airbnb Inc. (ABNB) Following Technology Conference

Goldman Sachs analyst Eric Sheridan reiterated a Sell rating and $100.00 price target on Airbnb Inc. (NASDAQ: ABNB) after hosting Airbnb Co-Founder & CEO, Brian Chesky, at the Communacopia + Technology Conference.

The analyst commented, "We highlight key takeaways from our conversation: 1) Reiterated confidence that pandemic caused a permanent shift in travel & hybrid work behavior, which will remain a benefit to overall travel demand (particularly alternative accommodations); 2) On supply side, management focused on converting guests to hosts, removing friction from hosting & increasing utilization of existing supply; 3) Product is a key differentiator for the platform and avenue to removing friction/barriers on both the host & guest side of marketplace."

For an analyst ratings summary and ratings history on Airbnb Inc. click here. For more ratings news on Airbnb Inc. click here.

Shares of Airbnb Inc. closed at $121.54 yesterday.

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