What Are Wall Street Analysts' Target Price for Airbnb Stock?

Core Insights - Airbnb, Inc. (ABNB) has a market capitalization of $79.6 billion and operates a platform for hosts to offer stays and experiences in over 190 countries [1] Performance Overview - Over the past 52 weeks, Airbnb's shares have gained marginally, while the S&P 500 Index has increased by 15.5%. Year-to-date, Airbnb's stock is down 3.3%, compared to the S&P 500's return of 1.9% [2] - Airbnb has underperformed the State Street Consumer Discretionary Select Sector SPDR ETF (XLY), which rose 5.1% over the past 52 weeks and 2.1% year-to-date [3] Financial Results - In Q3, Airbnb reported a revenue increase of 9.7% year-over-year to $4.1 billion, aligning with analyst estimates. Gross Booking Value (GBV) rose 13.9% to $22.9 billion, and Nights and Seats Booked increased by 8.8% [6] - Net income per share increased by 3.8% year-over-year to $2.21, but fell short of consensus estimates [6] Earnings Expectations - For the current fiscal year ending in December, analysts project Airbnb's EPS to grow by 1% year-over-year to $4.15. The company's earnings surprise history is mixed, with two beats and two misses in the last four quarters [7] - Among 40 analysts covering the stock, the consensus rating is a "Moderate Buy," with 12 "Strong Buy," three "Moderate Buy," 22 "Hold," one "Moderate Sell," and two "Strong Sell" ratings [7] Analyst Ratings - The overall rating configuration has become more bullish, with an overall "Hold" rating, including 11 "Strong Buy" and five "Strong Sell" ratings [8] - Analyst Richard Clarke from AllianceBernstein maintained a "Buy" rating on ABNB with a price target of $162, indicating a potential upside of 23.4% from current levels [8]