Citizens JMP Reiterates Market Perform Rating on Airbnb Inc. (ABNB)

Citizens JMP analyst Nicholas Jones reiterated a Market Perform rating on Airbnb Inc. (NASDAQ: ABNB).

The analyst commented, “Similar to BKNG, ABNB's international business should help insulate the company from decreasing U.S. tourism. Further, we view ABNB as an effective trade down for group travel, which should help mitigate spending headwinds. However, with ABNB expecting to invest $200M-$250M in launching new businesses this year, lower top-line growth may pressure margins.”

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 $113.91 yesterday.

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