Needham & Company reiterates Buy rating on Airbnb Inc. (ABNB), says concerns are overblown

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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