Phillip Securities has upgraded Airbnb (NASDAQ: ABNB) to Neutral from Reduce and raised its price target to $184 from $158, TheFly reported today. Airbnb runs the online marketplace where hosts rent out homes and guests book stays. The shares will next trade on Monday, so the upgrade has not yet reached the price.
Airbnb closed Friday at $186.78, up 3.12% on the day and 9.79% above its $170.13 close before the results on the 5th of November. The new $184 target sits about 1.5% below that price, and the shares are about 5.6% under their 52-week high of $197.87.
Phillip, a brokerage and research house, now forecasts fiscal 2026 revenue growth of 17% and an adjusted EBITDA margin (operating profit before certain costs, as a share of revenue) of 36%. It points to higher nights and seats booked and lower sales and marketing costs. Airbnb’s own outlook is high-teens growth and a margin of about 36%.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
The upgrade follows Airbnb’s third-quarter report, released after the Nasdaq close on the 5th of November. Revenue rose 19% to $4.9bn, against 10% growth a year earlier. Gross booking value, the total value of bookings before Airbnb’s fees, rose 21% to $27.7bn, and earnings per share were $3.16 against a consensus of $2.86. The company also raised its full-year outlook and authorised an extra $12bn buyback. The shares rose 11.67% on the 6th of November to $189.99, though broader market volatility over the period means the results were not the only influence.
Airbnb shares have climbed since the Q3 results and sit just above Phillip’s new $184 target.
Other brokers were already more positive. Oppenheimer raised its target to $230 from $210 and kept Outperform on the 6th of November. Analysts’ mean target is $203.83, with 22 Strong Buy, 4 Buy, 17 Hold and 1 Sell ratings.
Phillip says Airbnb’s newer businesses beyond rentals, which include hotels, services and an AI travel agent planned for the first half of 2027, offer longer-term upside but are unlikely to be material over the next 3-5 years.
