Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Airbnb Stock Is Flying Higher Today

TheMotleyFool

0 0

Shares of Airbnb (NASDAQ: ABNB) enjoyed a strong rally today, benefiting from the absence of the bad news that's weighed on the stock for the past week. At 2:50 p.m. EST on Thursday, Airbnb stock was up 10.4%.

Airbnb shares have had a rough week, beginning with the company's announcement just prior to the inauguration that it was canceling room reservations in Washington and refunding its hosts for revenue lost from guests who would no longer be coming.

One day later, analysts at Truist Securities initiated coverage of the stock with a below-market target price of $154 a share, warning that all the positive expectations are already priced into the stock.

Source Fool.com

Like: 0

ABNB

Share