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Investing.com - Cantor Fitzgerald has reiterated its Underweight rating and $110.00 price target on Airbnb Inc . (NASDAQ:ABNB) amid concerns about booking growth deceleration. Currently trading at $126, the stock sits between analyst targets ranging from $98 to $200, according to InvestingPro data, which also indicates the company maintains impressive gross profit margins of 83%.
The research firm noted that while online travel agencies (OTAs) did not provide specific fourth-quarter outlooks, the guidance implied by Expedia (NASDAQ:EXPE) and Airbnb indicates a slowdown in foreign exchange neutral bookings growth, while Booking Holdings (NASDAQ:BKNG) suggested some acceleration. Despite these concerns, InvestingPro data shows Airbnb maintaining strong financial health with a ’GOOD’ overall score and revenue growth of 10.2% over the last twelve months.
Cantor Fitzgerald pointed out that current Wall Street estimates reflect this dynamic for both room nights and bookings, with more difficult year-over-year comparisons expected in the fourth quarter of 2024 for the travel booking sector.
The firm highlighted additional complexity in forecasting due to easier comparisons from the fourth quarter of 2024, which had been affected by Middle East-related travel disruptions in the fourth quarter of 2023.
When comparing to 2019 and 2022 seasonality patterns, Cantor Fitzgerald believes Wall Street’s fourth-quarter 2025 estimates for Booking Holdings appear aggressive, while expectations for Airbnb and Expedia seem achievable.
In other recent news, Airbnb reported second-quarter 2025 earnings that surpassed analyst expectations, with gross booking value and revenue exceeding consensus estimates by 4% and 2%, respectively. The company’s EBITDA also outperformed, surpassing expectations by 7%. TD Cowen raised its price target for Airbnb to $150, maintaining a Buy rating, citing solid booking growth with nights booked increasing by 7.4%. Jefferies adjusted its price target for Airbnb to $160 from $165, while maintaining a Buy rating, reflecting increased 2026 revenue estimates due to higher Nights estimates. Benchmark also maintained a Buy rating with a $155 price target, highlighting Airbnb’s performance against lowered expectations. PhillipCapital upgraded Airbnb from Reduce to Neutral, raising its price target to $127, while noting unchanged revenue estimates for fiscal year 2025. Citizens JMP reiterated a Market Perform rating following the company’s strong second-quarter results. These developments reflect a mix of analyst ratings and price target adjustments based on Airbnb’s recent performance and future expectations.
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