Needham & Company reiterates Buy rating on Airbnb Inc. (ABNB), says concerns are overblown
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Rating Summary:
29 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 20 | New: 12
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Needham & Company analyst Bernie McTernan reiterated a Buy rating and $155.00 price target on Airbnb Inc. (NASDAQ: ABNB).
"Our 4th Supply Tracker suggests supply concerns for ABNB are overblown, as we consider the active listings growth we saw at VRBO a positive signal for ABNB non-urban supply. In addition, we suspect urban supply should be a tailwind for ABNB and result in supply and demand growth converging in '23E," McTernan wrote in a note.
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 $115.96 yesterday.
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