Analyst Justin Patterson expects a near-term peak in margins and slowing revenue growth will hurt the vacation rental company.
It's time to step to the sidelines on shares of Airbnb as the pandemic recovery bump fades, according to KeyBanc Capital Markets. Analyst Justin Patterson downgraded shares to sector weight from overweight, saying he expects a near-term peak in margins and slowing revenue growth that will hurt the vacation rental company.
mountain Airbnb "Our call is that leisure travel has experienced a material recovery from 2021-2023E, resulting in outsized margin expansion, " Patterson wrote in a Monday note. "As these tailwinds fade, we see elevated risk to [room nights and experiences] and [average daily rate] growth." Airbnb has outperformed this year as a resilient consumer shelled out money for travel and experiences.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Airbnb looking at a bleak winter, says KeyBanc: 4 big analyst cuts By Investing.comAirbnb looking at a bleak winter, says KeyBanc: 4 big analyst cuts
Weiterlesen »
Ripple (XRP) Price Prediction: Analyst Unveils the Path to New All-Time High at $5.85'Breaking $0.55 gives tremendous momentum since XRP will be above the weekly Ichimoku Clouds, which will be highly Bullish,' Dark Defender said.
Weiterlesen »
Ripple price could hit $0.66 as market mood improves, XRP analyst saysXRP price is showing signs of a potential uptrend after breaking key resistance levels on the daily chart. Crypto analysts remain bullish about the al
Weiterlesen »
Point Biopharma, ALX Oncology surge premarket; McCormick, Airbnb falls By Investing.comPoint Biopharma, ALX Oncology surge premarket; McCormick, Airbnb falls
Weiterlesen »
Top 100 Cryptos of 2017: 27 Scams, 79 Will Never Update ATH, Analyst SaysX user tracked progress of largest digital assets of 2017 cryptocurrency frenzy
Weiterlesen »