(Updated to include analyst commentary)
Tigress Finance raised its price target on Airbnb (ABNB) to $200 from $195 as the company continues to benefit from "strong" travel demand.
The company is also planning to roll out new upgrades in May and is seeking partnerships with local businesses and global brands to expand its ecosystem, analyst Ivan Feinseth wrote in a Friday note.
Feinseth also noted that ongoing technological advancements are driving higher bookings and improved conversion rates. With a resilient travel market and strong consumer spending on travel, Airbnb remains well-positioned for growth.
Airbnb has an average rating of hold and mean price target of $157.73, according to analysts polled by FactSet.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 122.64, Change: +3.26, Percent Change: +2.73
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