"Truist's upgrade centers on improving profitability expectations. The firm raised its 2026 adjusted EBITDA estimates for Airbnb after Q4 results showed the company's investment cycle beginning to stabilize."
"Gross Booking Value reached $20.40 billion in Q4, up 16% year-over-year - the strongest GBV growth in more than two years. Revenue grew 12.0% to $2.78 billion, beating estimates of $2.71 billion."
"The upgrade from Sell to Hold is meaningful context for investors who have watched the stock recover sharply. Airbnb shares are up 7.2% over the past month."
Truist upgraded Airbnb from Sell to Hold, increasing its price target to $129 from $107 after revising 2026 adjusted EBITDA estimates higher. The upgrade reflects improved profitability expectations and a stronger demand picture, with Q4 Gross Booking Value reaching $20.40 billion, a 16% year-over-year increase. Revenue grew 12% to $2.78 billion, surpassing estimates. The stock has recovered sharply, trading above its moving averages, while the analyst community remains divided with a consensus price target of $144.99.
Read at 24/7 Wall St.
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