Airbnb’s stock price is expected to decrease in the short-term but increase in the long-term.
Stock AI’s forecasts:
🔴 -2.5% short-term ⬇️
🟢 +1.4% long-term ⬆️
Stock AI’s (ABNB) Forecast get (+5.9% Profit)
StockAI’s analysis delivers real-world results. On 12 March 2024, $ABNB ($166.4), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $156.5 (🔴-5.9%). Selling ABNB on this signal yielded a +5.9% profit 💰💰.
ABNB-Airbnb, Inc. News
🔴 DA Davidson reiterated their neutral rating on shares of Airbnb, with a target price of $145.00. This may signal a lack of growth potential in the near term.
🔴 HSBC downgraded Airbnb from a buy to a hold rating, with a target price of $156.00. This could lead to decreased investor confidence in the stock.
🟢 Wedbush reissued their neutral rating on Airbnb shares, with a target price of $160.00. This could provide some stability for the stock in the market.
🔴 National Bank of Canada FI reduced its stake in Airbnb by 81.0% during the fourth quarter. This could indicate a lack of confidence in the company’s future prospects.
🔴 Airbnb CTO Aristotle N. Balogh sold 600 shares of stock, potentially signaling insider concerns about the company’s performance.
🔴 Seaport Res Ptn decreased their Q2 2024 earnings per share estimates for Airbnb, which may lead to a negative outlook for the stock.
Airbnb stock has recently faced a series of negative news events, including downgrades from analysts, insider selling, and reduced earnings estimates. These factors could contribute to a decrease in investor confidence and a potential decline in the stock price in the short term. Investors may want to carefully monitor these developments and adjust their investment strategies accordingly.
ABNB-Airbnb, Inc. Analyst Ratings
In recent analyst ratings for Airbnb, Inc. stock, there have been some notable changes:
📉 DA Davidson reiterated their neutral rating on shares of Airbnb with a target price of $145.00.
📉 Wedbush reissued their neutral rating on Airbnb with a price target of $160.00.
📉 HSBC downgraded Airbnb from a buy rating to a hold rating with a target price of $156.00.
Sources:
1. Yahoo Finance
2. ETF Daily News
3. ETF Daily News
4. ETF Daily News
5. CNBC
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
Ready to analyze your own portfolio?
Get the same AI-powered insights for any stock you choose. It's easy!
