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Wall Street analysts assess Airbnb four weeks after IPO
Reading Time: 3 minutesUS: Wall Street analysts are offering their opinions on Airbnb, almost a month after the company’s high profile IPO. Canaccord Genuity was among the most bullish of the analysts, giving Airbnb a buy rating and a price target of $175. “We expect Airbnb’s scale and platform advantages to cement an early lead in supply liquidity […]
Airbnb share price is “more than stretched” says Wall Street analyst
Reading Time: < 1 minuteUS: Airbnb shares fell on Monday after Wall Street analysts warned that first-day trading surges resulted in a “precarious” market valuation. Airbnb’s valuation is “more than stretched” when compared with other travel peers, research firm Gordon Haskett said in a note downgrading the stock to underperform from buy. Airbnb shares soared 113 per cent on […]