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Airbnb (ABNB) has an average rating of overweight and mean price target of $169.14, according to analysts polled by FactSet.Price: $173.41, Change: $+21.77, Percent Change: +14.36%
Airbnb (ABNB) reported stronger Q2 bookings as product changes contributed to higher revenue in the quarter, RBC Capital Markets said in a Friday note.The company reported a 10.3% room nights growth year over year, which management attributed to initiatives like Reserve Now, Pay Later, flexible cancellation policies, and the shift to a single guest fee, according to the note.The investment firm also said hotels are growing about three times faster than Airbnb's core business despite representing a single-digit share of nights booked. RBC analysts noted the company has added thousands of hotels across more than 20 cities, while about 35% of first-time hotel bookers later booked a home stay.Management also outlined progress in artificial intelligence initiatives across search, discovery and customer support.The firm said Airbnb could continue generating organic growth while expanding into hotels, adjacent products and new sub-verticals through its AI-powered platform and direct customer relationship.RBC maintained its outperform rating on Airbnb and raised its price target to $195 from $173.Shares of Airbnb were over 15% higher in Friday trading.Price: $174.54, Change: $+22.90, Percent Change: +15.10%
Airbnb (ABNB) could see stronger long-term growth from improvements to its main platform, expanding hotel bookings, new services and wider use of AI, while healthy travel demand should also support revenue and margins, Wedbush Securities said in a note Friday.Airbnb's initiatives, including Reserve Now, Pay Later, a single service fee, and improvements to search, pricing and booking process should continue to lift bookings, while hotels could become an important new growth area, as early bookings have exceeded expectations and hotel nights are growing much faster than bookings for Airbnb homes, the brokerage said.New services, such as car rentals, airport pickup and luggage storage, remain small but could add to growth over time, with car rentals offering the largest opportunity, Wedbush said.AI is also helping Airbnb launch products faster and lower costs, while new AI-based pricing and search tools could improve bookings and customer activity over time, Wedbush said, adding that strong travel spending across regions and faster growth in first-time customers, especially younger users, support its view that Airbnb can maintain stronger bookings growth.Wedbush Securities upgraded Airbnb to outperform from neutral, and raised its price target to $200 from $152.Shares of the company were up 15.6% in Friday trading.Price: $175.25, Change: $+23.61, Percent Change: +15.57%
Airbnb (ABNB) has an average rating of overweight and mean price target of $166.78, according to analysts polled by FactSet.Price: $174.63, Change: $+22.99, Percent Change: +15.16%
Airbnb (ABNB) has an average rating of overweight and mean price target of $166.78, according to analysts polled by FactSet.Price: $174.62, Change: $+22.98, Percent Change: +15.15%
Airbnb (ABNB) has an average rating of overweight and mean price target of $166.78, according to analysts polled by FactSet.Price: $174.60, Change: $+22.96, Percent Change: +15.14%
Airbnb (ABNB) has an average rating of overweight and mean price target of $166.78, according to analysts polled by FactSet.Price: $174.60, Change: $+22.96, Percent Change: +15.14%
Airbnb (ABNB) has an average rating of overweight and mean price target of $166.78, according to analysts polled by FactSet.Price: $175.32, Change: $+23.68, Percent Change: +15.61%
Airbnb (ABNB) has an average rating of overweight and mean price target of $166.78, according to analysts polled by FactSet.Price: $175.32, Change: $+23.68, Percent Change: +15.61%
Airbnb (ABNB) has an average rating of overweight and mean price target of $166.78, according to analysts polled by FactSet.Price: $175.32, Change: $+23.68, Percent Change: +15.61%
Airbnb (ABNB) has an average rating of overweight and mean price target of $166.78, according to analysts polled by FactSet.Price: $175.34, Change: $+23.70, Percent Change: +15.63%
Airbnb (ABNB) has an average rating of overweight and mean price target of $166.78, according to analysts polled by FactSet.Price: $175.30, Change: $+23.66, Percent Change: +15.60%
Airbnb (ABNB) has an average rating of overweight and mean price target of $166.78, according to analysts polled by FactSet.Price: $175.30, Change: $+23.66, Percent Change: +15.60%
Airbnb (ABNB) has an average rating of overweight and mean price target of $166.78, according to analysts polled by FactSet.Price: $175.31, Change: $+23.67, Percent Change: +15.61%
Airbnb (ABNB) has an average rating of overweight and mean price target of $166.78, according to analysts polled by FactSet.Price: $175.31, Change: $+23.67, Percent Change: +15.61%
Airbnb (ABNB) has an average rating of overweight and mean price target of $166.78, according to analysts polled by FactSet.Price: $175.31, Change: $+23.67, Percent Change: +15.61%
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging higher pre-bell Friday as traders assessed July's national jobs report and monitored developments in the Middle East conflict.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.6% higher.Iran released a draft plan for the Strait of Hormuz that restricts US and Israeli ships from passage, while other nations that harmed it would not be allowed to transit the waterway until compensation is paid, CNBC reported, citing Iranian state news outlet Fars. Iran and Oman are reportedly close to an agreement regarding passage through the strait.In the latest round of earnings, Vistra (VST) reported a decline in Q2 net income and operating revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1% at $81.69 per barrel and US West Texas Intermediate crude 0.7% lower at $76.77 per barrel.The July national unemployment rate was reported at 4.1%, down from 4.2% in the prior month and lower than the 4.2% figure from estimates compiled by Bloomberg.Federal Reserve Richmond President Thomas Barkin is slated to speak on Friday.In other world markets, Japan's Nikkei closed 0.1% lower, Hong Kong's Hang Seng ended 0.5% higher, and China's Shanghai Composite finished 1% higher. Meanwhile, the UK's FTSE 100 was up 0.7%, and Germany's DAX index was 0.9% higher in Europe's early afternoon session.In equities, Advanced Micro Devices (AMD) shares rose 2.2% after the company said it agreed to purchase Taalas to expand its computing capabilities with specialized artificial intelligence processors. Airbnb (ABNB) stock was up 7.5% after the company's Q2 results surpassed analysts' estimates amid strong demand fueled by the FIFA World Cup. Cloudflare (NET) shares surged 16% after the company lifted its full-year outlook following better-than-expected Q2 results.On the losing side, Resmed (RMD) shares fell 11% despite the company reporting higher fiscal Q4 adjusted earnings and revenue.
The benchmark US stock measures were tracking in the green before the open Friday as traders await a key employment report for July and assess media reports on Iran's restrictive draft plan for the Strait of Hormuz.The S&P 500 rose 0.2%, the Nasdaq increased 0.5% and the Dow Jones Industrial Average edged up in premarket activity. The indexes finished the previous trading session lower, with the Dow snapping a three-day streak of record closing highs.The nonfarm payrolls report for last month is scheduled to be released at 8:30 am ET. Government data is expected to show that the US economy added 80,000 jobs in July, compared with a 57,000 gain reported for the month prior, according to a Bloomberg poll.Job cuts hit a two-year low in July even as downsizing in the tech sector continued, outplacement firm Challenger Gray & Christmas said Thursday. Earlier in the week, ADP (ADP) data showed that private-sector employment in the US increased less than expected last month as gains were concentrated in services.Treasury yields were down in premarket action, with the two-year rate retreating 1.2 basis points to 4.23% and the 10-year rate off 0.8 basis points to 4.66%.Iranian state news agency Fars published on Thursday Iran's initial draft proposal for a potential deal over the Strait of Hormuz under which US and Israeli ships would be barred from transiting the key waterway, CNBC reported. The plan is reportedly under review by an Iranian parliamentary committee.Iranian Deputy Foreign Minister Kazem Gharibabadi earlier in the week said that an "understanding" between Iran and Oman regarding the Strait of Hormuz is close to being finalized. The proposed Iran-Oman agreement would not automatically reopen the strait, Gharibabadi told the state-run Islamic Republic News Agency, according to CNN.West Texas Intermediate crude oil nudged 0.1% lower to $77.27 a barrel before the opening bell, while Brent dipped 0.2% to $82.29.Shares of Cloudflare (NET) jumped 17% pre-bell as the cloud company lifted its full-year outlook following better-than-expected second-quarter results. Airbnb (ABNB) advanced 8.1% after the vacation rental company's second-quarter results topped Wall Street's estimates amid strong demand fueled by the FIFA World Cup.Vistra (VST), Take-Two Interactive Software (TTWO), Oklo (OKLO), Fluor (FLR), Under Armour (UAA, UA), Spectrum Brands (SPB) and Wendy's (WEN) report their latest financial results before the bell, among others.Friday's economic calendar also has the weekly Baker Hughes oil-and-gas rig count at 1 pm. Federal Reserve Bank of Richmond President Thomas Barkin is scheduled to speak at 10 am.Gold advanced 1.7% to $4,374 per troy ounce, while bitcoin gained 0.8% to $64,793.
Airbnb's (ABNB) second-quarter results topped Wall Street's estimates amid strong demand fueled by the FIFA World Cup.Earnings per share rose to $1.37 from $1.03 a year earlier, compared with the FactSet-polled consensus of $1.26. Revenue increased 17% year-over-year to $3.61 billion, above the Street's $3.58 billion view.Airbnb was an official tournament supporter for the FIFA World Cup 2026, which began in June and ended last month."Airbnb hosted millions of guest arrivals during the tournament, including many first-time users," the vacation rental company said in a shareholder letter. "More than 150,000 homes across host cities were listed on Airbnb for the first time."Gross booking value, which includes host earnings, service and cleaning fees and taxes, advanced 16% annually to $27.2 billion. Analysts expected $26.45 billion.Nights and seats booked grew 10% to 148.3 million, compared with the Street's 145.8 million view. The metric represents the total number of nights booked for stays and seats booked for services and experiences, net of cancellations and alterations.Shares soared 8.5% in after-hours trade. The stock is up about 12% this year through Thursday's close.Wedbush Securities expected a "constructive" setup for Airbnb heading into the results. The company's diversification is directionally right despite slower-than-expected adoption of experiences, the brokerage said in a note late last month.For the third quarter, Airbnb projects revenue of $4.69 billion to $4.77 billion, reflecting annual growth of 15% to 17%. The consensus is for $4.61 billion. The company expects gross booking value to rise in the mid-teens, compared with the Street's estimate of 11% growth.Airbnb now expects its full-year revenue to rise at least by a mid-teen percentage, compared with its prior forecast of low-to-mid teens. Analysts polled by FactSet expect $13.96 billion, implying an annual rise of 14%."We're pleased with the results we've delivered in the first half of 2026, and are excited about the continued traction from our product innovation and strong demand on our platform across all regions that is driving momentum in the second half of 2026," Airbnb said.
US equity markets were mostly pointing higher before the opening bell Thursday as investors assess prospects for a potential deal between Iran and Oman over the Strait of Hormuz and await the latest batch of corporate earnings.The S&P 500 edged up 0.1% and the Dow Jones Industrial Average rose 0.2% in premarket activity, while the Nasdaq declined 0.3%. The Nasdaq and S&P 500 finished the previous trading session lower, while the Dow logged a fresh closing high for a third straight day.Iranian Deputy Foreign Minister Kazem Gharibabadi reportedly said Thursday that an "understanding" between Iran and Oman regarding the Strait of Hormuz is close to being finalized, CNBC reported. Gharibabadi noted that the path of understanding is between the two countries and no negotiations have taken place with the US during this period.Earlier in the week, President Donald Trump reportedly said an agreement to reopen the strait, the world's most important chokepoint for crude flows, was imminent.West Texas Intermediate crude oil dipped 0.1% to $75.16 a barrel before the open, while Brent was slightly in the green at $79.47.ConocoPhillips (COP), Parker Hannifin (PH), Datadog (DDOG), Warner Bros. Discovery (WBD), Becton Dickinson (BDX), Keurig Dr Pepper (KDP), Kenvue (KVUE), Restaurant Brands International (QSR), Fiserv (FISV), Ralph Lauren (RL), Fox (FOX, FOXA), US Foods (USFD) and Unity Software (U) report their latest financial results before the bell, among others.Cloudflare (NET), Monster Beverage (MNST) and Airbnb (ABNB) are scheduled to post their earnings after the markets close.Shares of Applovin (APP) dropped 16% pre-bell after the mobile technology provider's second-quarter revenue fell short of market estimates. DoorDash (DASH) gained 2.4% as the company delivered a second-quarter revenue beat amid order momentum. SanDisk (SNDK) fell 8.9% following its latest quarterly results.Employers in the US announced 33,429 layoffs in July, down 27% from the month prior and 46% year over year, according to Challenger, Gray & Christmas' latest report. The weekly jobless claims bulletin is out at 8:30 am ET.On Wednesday, ADP (ADP) data showed that private-sector employment in the US increased less than expected last month as gains were concentrated in services. The government's nonfarm payrolls report for July is due on Friday.Treasury yields were trending higher in premarket action, with the two-year rate inclining 2.1 basis points to 4.2% and the 10-year rate adding 1 basis point to 4.63%.Federal Reserve Bank of St. Louis President Alberto Musalem is slated to speak at 5:30 pm.Gold traded up 0.5% at $4,328 per troy ounce, while bitcoin decreased 0.4% to $64,606.
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