• Airbnb stock has 'a lot of recovery built in' as pandemic eases, Bank of America says

    1 month ago - By Business Insider

    Airbnb CEO Brian Chesky.
    REUTERS/Mike Segar
    Airbnb's fourth-quarter revenue of $859 million surpassed Wall Street's target of $739.7 million.
    Airbnb shares looked poised to climb to $210, says Bank of America.
    "Travel is coming back," says Airbnb, but there's still "limited visibility" for how trends will play out in 2021.
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    Airbnb shares could bulk up by another 15% as quarterly results from the vacation-rentals company indicate it is "well positioned for recovery" from the COVID-19 pandemic, according to Bank of America. The company...
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  • Airbnb stock has 'a lot of recovery built in' as pandemic eases, Bank of America says

    Airbnb stock has 'a lot of recovery built in' as pandemic eases, Bank of America says

    1 month ago - By Business Insider

    Summary List Placement Airbnb shares could bulk up by another 15% as quarterly results from the vacation-rentals company indicate it is "well positioned for recovery" from the COVID-19 pandemic, according to Bank of America.
    The company late Thursday released its first quarterly report since its shares made their trading debut in December. Airbnb's fourth-quarter results presented an "impressive start as pandemic," analyst Justin Post said in a note Friday.
    "Still a lot of recovery built into the stock," he wrote, noting that the bank's price objective on Airbnb is $210. The neutral rating...
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