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On Tuesday, Susquehanna, a financial firm, increased its price target for Airbnb Inc . (NASDAQ: NASDAQ:ABNB) shares from $160.00 to $200.00 while keeping a Positive rating on the stock. The revision follows Airbnb’s strong performance in the fourth quarter, buoyed by robust travel demand and improvements in its product offerings. The company, currently trading at $161.42 with a market capitalization of $100.3 billion, has shown impressive momentum with strong returns over the past month according to InvestingPro data.
Airbnb’s recent financial results showed significant growth, with revenue reaching $11.1 billion and an industry-leading gross profit margin of 83.08%, although the company’s forward-looking guidance was slightly below market expectations. Susquehanna attributed the conservative outlook to calendar effects and foreign exchange headwinds. However, management indicated that the positive trends in demand that the company experienced have persisted into 2025. InvestingPro analysis reveals 16 additional key insights about Airbnb’s financial health and market position.
Analysts at Susquehanna expressed continued confidence in Airbnb’s market position and its potential to capitalize on the extensive market opportunities available. They have adjusted their financial estimates accordingly, maintaining their 2025 revenue forecast while slightly reducing their EBITDA prediction by 1% and increasing their earnings per share (EPS) estimate by 6%.
Looking further ahead, Susquehanna has set forth projections for 2026, anticipating a 10% year-over-year growth in revenue, EBITDA margins of 35%, and an EPS of $6.00. The new price target of $200.00 is based on an approximate 10x 2026 enterprise value/revenue multiple, which has been adjusted as the valuation extends into the year 2026.
In other recent news, Airbnb Inc. has been the focus of several analyst reports, with varying price target adjustments reflecting the company’s recent performance and future potential. Benchmark analysts raised their price target for Airbnb to $178, maintaining a "Buy" rating, due to strong fourth-quarter earnings and a promising outlook for the first quarter of 2025. The company’s commitment to a minimum margin of 34.5% for the year was also noted, along with plans to invest $200-250 million in new ventures.
DA Davidson analyst Tom White increased the price target for Airbnb to $170, while maintaining a Neutral rating. The adjustment reflects Airbnb’s improved growth profile, but valuation concerns were also highlighted. Bernstein SocGen Group raised its Airbnb price target to $185, maintaining an Outperform rating, following the company’s plans to expand its product offerings.
Cantor Fitzgerald analyst Deepak Mathivanan increased his price target for Airbnb to $130, maintaining an Underweight rating. Despite first-quarter guidance falling short of Wall Street’s expectations, the company’s outlook for fiscal year 2025 EBITDA margin was noted as significantly above expectations. Lastly, BofA Securities analyst Justin Post adjusted the price target for Airbnb to $170, maintaining a Neutral rating, following Airbnb’s recent quarterly results which showcased room night growth acceleration in the United States, stable core margin outlook, and anticipation of new products set to be announced in May.
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