Target's CEO Has Great News for Airbnb and Other Travel Stocks
On May 18, following the release of its fiscal first-quarter 2022 report, Target (NYSE: TGT) held its earnings conference call. On that call, management offered several insights into how U.S. consumer behavior has been evolving as locales around the world reopen from their pandemic restrictions.
Based on the spending of Target customers, investors can feel good about the financial health of the U.S. consumer overall. However, within household budgets, some shifts are going on that are important to recognize. One of those shifts, in particular, is excellent news for Airbnb (NASDAQ: ABNB) and other travel stocks.
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Source Fool.com
