Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Airbnb, Inc. (NASDAQ:ABNB) is expected to release earnings results for its first quarter, after the closing bell on May 8.
Analysts expect the San Francisco, California-based company to report quarterly earnings at 24 cents per share, up from 17 cents per share in the year-ago quarter. Airbnb is projected to report quarterly revenue of $2.06 billion, compared to $1.82 billion in the year-earlier quarter, according to data from Benzinga Pro.
On Feb. 14, Airbnb said fourth-quarter revenue increased 17% year-over-year to $2.22 billion, which beat the consensus estimate of $2.16 billion.
Airbnb shares fell 1.4% to close at $159.81 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- Mizuho analyst James Lee upgraded the stock from Neutral to Buy on April 24. This analyst has an accuracy rate of 78%.
- Tigress Financial analyst Ivan Feinseth maintained a Buy rating and increased the price target from $185 to $195 on April 5. This analyst has an accuracy rate of 70%.
- Wells Fargo analyst Ken Gawrelski maintained an Underweight rating and boosted the price target from $107 to $127 on April 1. This analyst has an accuracy rate of 74%.
- B of A Securities analyst Justin Post maintained a Neutral rating and increased the price target from $155 to $168 on March 14. This analyst has an accuracy rate of 86%.
- Truist Securities analyst Patrick Scholes maintained a Hold rating and increased the price target from $118 to $131 on March 14. This analyst has an accuracy rate of 73%.
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