Fintel reports that on May 10, 2023, Needham maintained coverage of Airbnb, Inc. (NASDAQ:ABNB) with a Buy recommendation.
Analyst Price Forecast Suggests 8.66% Upside
As of April 24, 2023, the average one-year price target for Airbnb, Inc. is 138.07. The forecasts range from a low of 75.75 to a high of $194.25. The average price target represents an increase of 8.66% from its latest reported closing price of 127.07.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Airbnb, Inc. is 9,583MM, an increase of 10.05%. The projected annual non-GAAP EPS is 2.81.
What is the Fund Sentiment?
There are 1618 funds or institutions reporting positions in Airbnb, Inc.. This is an increase of 37 owner(s) or 2.34% in the last quarter. Average portfolio weight of all funds dedicated to ABNB is 0.53%, an increase of 29.08%. Total shares owned by institutions increased in the last three months by 3.97% to 316,899K shares. 
The put/call ratio of ABNB is 1.42, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital Research Global Investors holds 18,402K shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 18,331K shares, representing an increase of 0.39%. The firm decreased its portfolio allocation in ABNB by 24.83% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 17,424K shares representing 2.77% ownership of the company. In it's prior filing, the firm reported owning 16,046K shares, representing an increase of 7.91%. The firm increased its portfolio allocation in ABNB by 32.76% over the last quarter.
Polen Capital Management holds 11,828K shares representing 1.88% ownership of the company. In it's prior filing, the firm reported owning 12,685K shares, representing a decrease of 7.25%. The firm decreased its portfolio allocation in ABNB by 20.83% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 10,890K shares representing 1.73% ownership of the company. In it's prior filing, the firm reported owning 10,712K shares, representing an increase of 1.64%. The firm decreased its portfolio allocation in ABNB by 23.58% over the last quarter.
Wellington Management Group Llp holds 10,191K shares representing 1.62% ownership of the company. No change in the last quarter.
Airbnb Background Information
(This description is provided by the company.)
Airbnb is a community based on connection and belonging-a community that was born in 2008 when two hosts welcomed three guests to their San Francisco home, and has since grown to 4 million hosts who have welcomed over 800 million guest arrivals to about 100,000 cities in almost every country and region across the globe. Hosts on Airbnb are everyday people who share their worlds to provide guests with the feeling of connection and being at home.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
