Airbnb Could Trounce Competition in Next 5 Years, Says Bernstein

The equity remains off 33% this year

Digital Content Manager
Oct 5, 2022 at 9:12 AM
facebook twitter linkedin


The shares of Airbnb (NASDAQ:ABNB) are higher this morning, after Bernstein initiated coverage with an "outperform" rating and a $143 price target. The analyst said the stock's valuation is "no longer an obstacle," and added that Airbnb could be the largest travel platform within the next five years. In response, ABNB is up 0.5% at $111.35 before the open. 

The equity's performance was choppy during the past few months, but all pullbacks since mid-July were captured by the $100 mark. Now, the security will need to overcome recent pressure at the 60-day moving average if it wants to trim its more than 33% year-to-date deficit. 

Not all analysts are so hopeful. RBC just slashed its price target to $110 from $115 earlier this morning, and of the 27 in coverage, 15 called the stock a "hold" or worse coming into today. Short sellers have also been targeting the stock, with short interest rising 10.7% in the last reporting period. 

The options pits have also been bearish. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity's 10-day put/call volume ratio of 1.03 sits higher than 88% of readings from the past year. This suggests options traders are picking up puts at a much quicker-than-usual clip. 

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners