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 Airbnb (ABNB) app on a smartphone screen](https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif)
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.
- Piper Sander upped its price target from $182 to $198.
- Mizuho increased its price target from $150 to $176.
- Barclays bumped its price target up from $140 to $180.
- Canaccord’s price target for ABNB stock increase from $175 to $220.
- Needham analyst Chris Pierce started coverage of the stock with a $225 price target.
- DA Davidson pushed its price target up from $172 to $210.
- Finally, Jefferies’ price target jumped up from $170 to $172.
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.