ABNB Standing Out Among Travel Stocks

In Friday’s 360 Round, the panel looks at Airbnb (ABNB) after the stock hit a new 52-week high following strong earnings. Wedbush’s Ygal Arounian is bullish on continued consumer spending and upgraded ABNB to Outperform with a $200 price target. Chris Davis of Hudson Value Partners says Airbnb is better positioned than other travel stocks as consumers favor shorter domestic trips, while expanded hotel partnerships and bookings could broaden its reach. He also points to the company’s “reserve now, pay later” program as a potential driver of future revenue.