Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - Jefferies lowered its price target on Airbnb Inc . (NASDAQ:ABNB) to $160 from $165 while maintaining a Buy rating on Monday. The stock, currently trading at $121.02, sits within a broader analyst target range of $96-$200, with InvestingPro data showing 8 analysts recently revising their earnings estimates upward.
The price target adjustment comes despite Jefferies increasing its 2026 revenue estimates by 2% to reflect higher Nights estimates, which align with accelerating demand observed throughout the second quarter.
Jefferies also raised its 2026 EBITDA forecast by 2%, noting upside potential in the second quarter despite Airbnb’s fiscal year 2025 margin outlook appearing to leave room for improvement.
The firm’s analysis suggests continued confidence in Airbnb’s business model despite the slight reduction in price target, as evidenced by the maintained Buy rating.
The updated outlook follows Airbnb’s recent quarterly performance, which showed stronger demand trends that influenced Jefferies’ long-term projections for the vacation rental platform.
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, beating expectations by 7%. Following these results, Citizens JMP analyst Nicholas Jones reiterated a Market Perform rating for Airbnb. Meanwhile, PhillipCapital upgraded Airbnb from Reduce to Neutral, setting a new price target of $127, citing recent price performance. TD Cowen raised its price target for Airbnb to $150, maintaining a Buy rating, and highlighted the company’s solid booking growth, which outpaced expectations. Benchmark also maintained a Buy rating, with a price target of $155, noting Airbnb’s performance against lowered expectations. However, Cantor Fitzgerald lowered its price target to $110, maintaining an Underweight rating due to growth concerns. These developments provide a varied outlook on Airbnb’s financial and operational performance.
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