After first earnings report since IPO, Airbnb stock flies toward record high as analysts say the results ‘stand out in a still very difficult travel environment’
As the company’s first quarter out of the gate, Airbnb displayed its travel demand recovery is nearly double that of its peers with gross bookings -31% vs. 2019 levels compared to Booking at -65% and Expedia at -67%,” Ross Sandler of Barclays wrote in a note to investors, comparing Airbnb to rival online-travel companies Booking Holdings Inc. BKNG, +2.43% and Expedia Group Inc. EXPE, +2.43%. Barclays, which has an equal-weight rating on Airbnb’s stock, raised its price target from $140 to $180.
Submitted February 28, 2021 at 05:46PM by NPRjunkieDC https://ift.tt/3qZzSXk
