Airbnb stock holds $155 target, DA Davidson affirms Buy rating

On Monday, DA Davidson maintained a positive outlook on Airbnb Inc . (NASDAQ:ABNB) shares, reiterating both a Buy rating and a $155.00 price target, which aligns with the broader analyst target range of $96-$200. According to InvestingPro analysis, Airbnb is currently trading near its Fair Value. The firm’s analyst, Tom White, kept the evaluation steady after reviewing Airbnb’s first-quarter results for 2025. While unit growth was slightly below expectations, the company’s foreign exchange-neutral gross bookings and revenue growth aligned with forecasts, and adjusted EBITDA surpassed them.

The analyst noted that despite some observed softness in the U.S. market, where North America constituted 45% of Airbnb’s 2024 revenue, the situation seemed more related to customers delaying decisions on longer-lead time trips rather than a shift to lower-priced alternatives. White highlighted Airbnb’s belief and statement that it continued to expand its market share in the U.S. during the first quarter.

Airbnb’s performance in the first quarter was closely scrutinized by DA Davidson, with a particular focus on unit growth and profitability metrics. The company’s ability to exceed expectations in adjusted EBITDA was seen as a positive sign, even as unit growth didn’t quite meet the mark. The analyst’s confidence in Airbnb was reflected in the reaffirmed price target, which is based on a 21x projected 2025 enterprise value to EBITDA (EV/EBITDA) multiple.

Investors and market watchers received confirmation that Airbnb’s business remains robust, with solid growth in gross bookings and revenue on an FX-neutral basis. This suggests that the travel platform’s core business metrics are holding steady despite the slight dip in unit growth.

In summary, DA Davidson’s stance on Airbnb indicates a belief in the company’s ongoing growth trajectory and its ability to navigate through market fluctuations, particularly in the U.S. The firm’s unchanged price target and Buy rating signal continued confidence in Airbnb’s financial health and market position. InvestingPro data supports this view with an overall Financial Health score of GOOD, and reveals 10 additional investment tips for this stock. Get access to the comprehensive Pro Research Report, available for Airbnb and 1,400+ other top US stocks, to make more informed investment decisions.

In other recent news, Airbnb Inc. has been the subject of multiple analyst reviews following its first-quarter performance. Susquehanna analysts adjusted their price target for Airbnb to $150, down from $200, while maintaining a Positive rating, citing the company’s strategic initiatives despite current economic uncertainties. UBS analyst Stephen Ju also lowered the price target to $137 from $138, maintaining a Neutral rating due to concerns about Airbnb’s reliance on the North American market, where consumer confidence has waned. Benchmark’s Daniel Kurnos reduced the price target to $155 from $178 but kept a Buy rating, noting that Airbnb’s upcoming product launches could significantly impact its growth. Cantor Fitzgerald adjusted its price target to $100, slightly down from $101, with an Underweight rating, after Airbnb’s EBITDA outperformed expectations despite a softer U.S. market. DA Davidson maintained a Buy rating and a $155 price target, highlighting Airbnb’s resilience and market share growth in the U.S. despite some regional weaknesses. These recent developments reflect a range of perspectives on Airbnb’s market position and future prospects.

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