Truist lowers Airbnb stock price target slightly, maintains Hold rating By Investing.com
On Wednesday, Truist Securities adjusted its price target for Airbnb Inc . (NASDAQ:), bringing it down to $123 from the previous $124, while keeping a Hold rating on the stock. Currently trading at $137.46, Airbnb maintains a strong financial health score according to InvestingPro data, despite 11 analysts recently revising their earnings expectations downward. The revision follows updated earnings projections for the company for the upcoming years.
The firm’s analyst has updated the adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) forecast for 2024 to $3.926 billion, a slight increase from the prior estimate of $3.877 billion. With an impressive gross profit margin of 83.07%, Airbnb continues to…
