Tigress Financial Raises Airbnb Price Target to $200

Tigress Financial has announced an increase in their price target for Airbnb (NASDAQ:ABNB) shares, moving it from $195.00 to $200.00 in a report released on Friday. With this adjustment, the brokerage currently maintains a "buy" rating on the stock. The new price target indicates a potential upside of 67.53% based on Airbnb's current market price.

Recent Analyst Ratings

In addition to Tigress Financial, several other brokerages have also provided updates on Airbnb's stock. DA Davidson raised their price target from $131.00 to $170.00, rating the stock as "neutral". Benchmark increased its price target from $150.00 to $178.00 while maintaining a "buy" rating for the company. On the same day, Canaccord Genuity Group lifted its target from $165.00 to $190.00 with a "buy" rating. Furthermore, Jefferies Financial Group upgraded Airbnb from a "hold" to a "buy" rating, increasing their target price from $165.00 to $185.00. In contrast, Wells Fargo & Company lowered their price target from $100.00 to $96.00, giving it an "underweight" rating.

Currently, five equities research analysts have assigned the stock a sell rating, eighteen have given it a hold rating, thirteen have rated it as a buy, and two have given it a strong buy designation. According to MarketBeat.com, Airbnb holds an average rating of "Hold" with a consensus target price of $148.15.

Airbnb Stock Performance

On Friday, Airbnb’s stock opened at $119.38. With a market capitalization of $75.27 billion, the company has a P/E ratio of 28.91 and a P/E/G ratio of 3.52, along with a beta of 1.10. The stock has experienced a range over the past year, with a low of $110.38 and a high of $170.10. The fifty-day moving average stands at $136.49, while the two-hundred-day moving average is $132.80. The company's current assets and quick ratios are both 1.69, reflecting solid liquidity, and its debt-to-equity ratio is 0.24.

Earnings Report

Airbnb recently released its quarterly earnings results on February 13, reporting an earnings per share (EPS) of $0.73, which exceeds the consensus estimate of $0.61 by $0.12. The company's return on equity was 32.29% with a net margin of 23.85%. Analysts predict that Airbnb will achieve an EPS of 4.31 for the current fiscal year.

Insider Activity

In related news, insider Nathan Blecharczyk sold 183,078 shares of the company's stock on February 14 at an average price of $158.00, totaling approximately $28.9 million. This transaction reduced his ownership by 52.62%, and he retains 164,850 shares valued at around $26.05 million. CEO Brian Chesky also sold 230,772 shares for approximately $37.19 million, reducing his ownership by 1.89%. Over the last three months, insiders have collectively sold nearly 2.27 million shares worth about $318.2 million, with insider ownership currently at 27.83% of the company's stock.

Institutional Investor Activity

Various institutional investors have adjusted their stakes in Airbnb. Siemens Fonds Invest GmbH increased its holdings by 133.1% in the last quarter, accumulating 54,362 shares estimated to be worth $6.63 million. Park Square Financial Group entered a new position valued around $26,000, while Universal Beteiligungs und Servicegesellschaft mbH purchased shares worth approximately $44.4 million. Virtue Capital Management also added to its stake by 45.0%, acquiring an additional 1,234 shares. In total, institutional investors and hedge funds own about 80.76% of Airbnb's shares.

Company Overview

Airbnb, Inc, along with its subsidiaries, operates a global platform that allows hosts to offer accommodations and experiences to guests. The company's marketplace connects hosts and guests digitally, enabling bookings of private rooms, primary residences, and vacation homes.

Airbnb, Stock, Analysts