Airbnb: Wedbush confident ahead of quarterly results

(CercleFinance.com) - Wedbush reaffirms its 'outperform' rating and $155 price target on Airbnb, its favorite stock in the Internet travel sector, ahead of the release of fourth-quarter results scheduled for the evening of February 13.


"We see this upcoming release as a possible catalyst for the stock, as attention shifts from margin uncertainty to accelerating overnight stay growth and upcoming product launches", believes the broker.

Noting that Airbnb shares are down around 12% since their last release three months ago, Wedbush believes investors should take advantage of this weakness and sees a favorable risk/reward ratio ahead of the next few quarters.

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