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Investing.com - Bernstein SocGen Group has reiterated an Outperform rating for Airbnb Inc . (NASDAQ:ABNB) with a price target of $165.00, according to a research note released Wednesday. The target represents potential upside from the current trading price of $141.31, with analyst targets ranging from $96 to $200. According to InvestingPro data, the company maintains impressive gross profit margins of 83%.
The firm’s analysis suggests Airbnb could potentially accelerate growth through strategic partnerships with established platforms for services it doesn’t currently offer, such as transfers and car hire, or even for existing services to expand supply and increase usage.
Bernstein also noted that Airbnb could enhance customer awareness by making its supply more visible on other platforms, pointing out that the company doesn’t appear to bid on key word searches like "Experiences Paris."
Airbnb is scheduled to report its second-quarter results on August 6, with Bernstein expecting booked night growth of 6.3%, slightly below consensus estimates and "well below" the firm’s expected medium-term growth rate, which "may be taken badly" by investors.
The research firm maintains its positive outlook, citing potential growth acceleration as the U.S. macroeconomic environment recovers, Airbnb continues its international expansion, and the company launches into new verticals, which Bernstein believes will "drive multiple upside."
In other recent news, Airbnb Inc. has been the focus of several significant developments. Cantor Fitzgerald raised its price target for Airbnb to $130 from $100, maintaining an Underweight rating, and expects the company to report second-quarter 2025 gross bookings of $22.5 billion, a 6% year-over-year growth. Meanwhile, Bernstein SocGen Group reiterated an Outperform rating with a $165 price target, despite acknowledging Airbnb’s premium valuation compared to its competitors. Truist Securities, however, downgraded Airbnb’s stock from Hold to Sell, adjusting the price target to $106 from $112 and slightly revising earnings projections for 2025 and 2026. Airbnb is also facing a lawsuit over alleged omissions in its 2025 proxy statement, filed by the Heritage Foundation and American Conservative Values ETF. The company disputes the claims, stating there is no record of receiving the shareholder proposals in question. Booking Holdings (NASDAQ:BKNG) Inc., a competitor, has expanded its tours, attractions, and experiences inventory by 28% since mid-November, significantly outpacing rivals. Booking.com’s inventory now stands at about 84% of Viator’s total available listings. These are the latest developments surrounding Airbnb and Booking Holdings.
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