Airbnb Stock Moves Higher on Upgrade to 'Buy'

Mizuho upgraded Airbnb Inc (NASDAQ:ABNB) to "buy" from "neutral" and hiked its price target to $200 from $150. The analyst in coverage noted the potential launch of sponsored listings, as well as demand stemming from the summer Olympics. ABNB was last seen up 1.8% at $163.88.The majority of analysts are skeptical of Airbnb stock. Coming into today, 26 of 36 firms in coverage called the security a tepid "hold" or worse, and the 12-month consensus target price of $151.40 is an 8.2% discount to current levels. ...