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Investing.com - Cantor Fitzgerald lowered its price target on Airbnb Inc . (NASDAQ:ABNB) to $110 from $130 while maintaining an Underweight rating on Thursday. The new target sits well below the current trading price of $121 and the analyst range of $96-$200, according to InvestingPro data.
The stock fell 6% in after-market trading following the news, compared to a flat performance in the broader Nasdaq index.
Airbnb reported second-quarter results with room nights and gross bookings slightly above Street expectations, while EBITDA exceeded analyst estimates by 7%.
The company’s guidance indicates stable room night growth for the third quarter, and management reiterated its fiscal year 2026 EBITDA margin guidance, suggesting increased investments in growth initiatives during the second half of the year.
Cantor Fitzgerald expressed concerns about Airbnb’s product efforts, noting challenges in gaining confidence that these initiatives would meaningfully accelerate room night and bookings growth in the near to medium term.
In other recent news, Airbnb has reported its second-quarter results, which have been met with mixed reactions from analysts. BMO Capital raised its price target to $124, citing solid performance with revenue and adjusted EBITDA exceeding consensus estimates by 2.5% and 5.5%, respectively. JPMorgan also adjusted its price target upward to $130, noting encouraging progress in Airbnb’s expansion efforts beyond its core business. Meanwhile, Bernstein reiterated an Outperform rating with a $165 target, highlighting Airbnb’s resilient revenue growth of 10.5% in constant currency terms despite challenging macroeconomic conditions.
However, not all analysts are as optimistic. UBS lowered its price target to $148 due to concerns over growth, particularly in comparison to competitor Booking (NASDAQ:BKNG). Wells Fargo (NYSE:WFC) also reduced its target to $110, pointing to slower growth in Airbnb’s core markets as a challenge. These recent developments reflect a diverse range of perspectives on Airbnb’s current performance and future potential.
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