- KeyBanc analyst Justin Patterson maintained an Overweight on Airbnb, Inc (NASDAQ:ABNB) with a $142 price target.
- Based on his latest travel tracker, he believes Airbnb trends are essentially tracking in line with expectations.
- Also Read: Want To Airbnb In CEO Brian Chesky’s Property? You Can Because He Listed His Property On Platform
- While parts of Europe (e.g., Germany) are emerging as a cautionary flag, Airbnb’s diversified exposure to urban and suburban markets and ongoing supply growth appear to be driving gains in the U.S. and abroad.
- In his U.S. credit card data, Airbnb has taken ~600 bps share from the hotels since 2019.
- By contrast, pure-play vacation rental businesses like Vrbo and Vacasa, Inc (NASDAQ:VCSA) appear to be facing more pressure, which he believes reflects some shift from suburban to urban markets.
- Price Action: ABNB shares traded lower by 2.37% at $95.45 on the last check Monday.
MarketAxess Holdings Q4 EPS $1.58 Beats $1.56 Estimate, Sales $177.90M Beat $176.92M Estimate
MarketAxess Holdings (NASDAQ:MKTX) reported quarterly earnings of $1.58 per share which beat the analyst consensus estimate of $1.56 by 1.28 percent. This is a 15.33 percent increase over earnings of $1.37 per share from
