Airbnb: Wedbush confident ahead of Q4 results

(CercleFinance.com) - Wedbush confirms its 'outperform' rating on Airbnb shares, along with its $155 target price (cp almost $130; pmt flat), its best pick in the Internet travel sector, ahead of the release of its Q4 results, due out in the evening of Thursday 13 February.


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, the broker says.

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


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