Apr. 22 at 1:21 PM
Wells Fargo upgraded Airbnb (
$ABNB) to Overweight and adjusted its price target from
$136 to
$178. The firm indicates the company may be entering a new phase of product and business iteration. Room-night growth is expected to improve, with potential take-rate expansion of about 100 bps by 2029, and advertising projected to reach roughly
$1.5B in revenue.