Why Airbnb Shares Are Falling Today

Airbnb Inc (NASDAQ:ABNB) is buying and selling decrease Monday following a downgrade from Piper Sandler. 

Piper Sandler analyst Thomas Champion downgraded Airbnb from an Obese ranking to a Impartial ranking and lowered the value goal from $215 to $169.

Champion cited elevated Avenue expectations and valuation considerations as causes for the downgrade, in accordance with stories from StreetInsider and The Fly. He additionally famous that Airbnb maintains an “alternate options pure-play focus,” which can be much less fascinating as journey normalizes.

The Piper Sandler analyst expects U.S. journey in 2022 to look extra like 2019 ranges than it did in 2020 and 2021. Nonetheless, Airbnb faces a troublesome setup in 2022 amid excessive expectations and valuation considerations, in accordance with Champion.

See Additionally: Why Take-Two Interactive Shares Are Sliding Right this moment

ABNB Value Motion: Airbnb has traded as little as $129.71 and as excessive as $219.94 over a 52-week interval.

The inventory was down 5.77% at $156.47 at time of publication.

Picture: courtesy of Airbnb.


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