CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We raise our 12-month target by $16 to $149, 29x our 2026 EPS estimate (from 27x), below shares' 31x three-year average, reflecting a lower structural growth profile. We raise our 2026 EPS to $5.13 from $4.92 and 2027's to $5.63 from $5.39, primarily reflecting encouraging macro travel spending trends, particularly among high-end consumers. We maintain our Hold opinion as consensus estimates already reflect an optimistic scenario with low double-digit revenue growth expectations. While ABNB's exposure to affluent travelers supports continued strength in high average daily rate properties, this is offset by structural headwinds in the U.S. segment, which is growing in the low single digits. We view this deceleration as market maturation rather than cyclical weakness. The contrast between international momentum and U.S. stagnation supports our below-average multiple. At current levels, we see limited upside unless ABNB demonstrates meaningful U.S. reacceleration or international growth significantly exceeds expectations.