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Airbnb Stock Eyes Worst Day Ever After 15% Profit Slump
ABNBAirbnb(ABNB) Schaeffers Investment Research·2024-08-07 14:12

Airbnb Inc (NASDAQ:ABNB) stock is down 14.4% to trade at 111.64atlastcheck,brushingoffbetter−than−expectedrevenueforthesecondquarterafterthecompany′sprofitsfell15111.64 at last check, brushing off better-than-expected revenue for the second quarter after the company's profits fell 15%, missing estimates despite rising bookings amid higher income taxes.The results ushered no fewer than 13 price-target cuts, including one from Deutsche Bank to 90 from $144. Analysts are hesitant toward ABNB, with 24 of the 36 in coverage calling it a tepid "hold" or worse. Airbnb stock could mark its biggest single-day percent ...