ABNB Stock: Why AirBNB Is the No. 1 Trending Ticker on Yahoo! Finance Today

AirBNB (NASDAQ:ABNB) stock is heading higher on Friday as it takes the top spot among trending tickers on Yahoo! Finance.

Airbnb (ABNB) app on a smartphone screen

Source: BigTunaOnline / Shutterstock.com

So why exactly is ABNB stock doing so well today? To start off with, a recent comment about the company after its recent earnings report is boosting share prices higher.

That comment comes from Susquehanna analysts. Here’s a statement collected from Seeking Alpha.

“ABNB generally reported a solid quarter out of the gate and remains bullish on the long-term opportunity. We continue to see the travel recovery as bumpy and slow, but believe ABNB is a must-own name for the recovery, which should likely start to play out this year.”

Susquehanna isn’t the only firm taking a bullish stance on AirBNB following its first earnings report as a public company. Several others also increase their price target for ABNB stock today. Check out those price target changes out below.

ABNB stock was up 3.8% as of Friday morning and is up 35.9% since the start of the year.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.


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