ABNB Stock Price: $154 Target From Truist

By Amit Chowdhry ● January 18, 2021
  • The stock price of Airbnb Inc (NASDAQ: ABNB) has received a price target of $154 by Truist. These are the details.

The stock price of Airbnb Inc (NASDAQ: ABNB) has received a price target of $154 by Truist. Truist analyst Naved Khan had initiated coverage of Airbnb with a “Hold” rating.

Khan said that Airbnb’s leading position and growing popularity positions the company for outsized growth. And he believes that the high expectations are priced into the stock already based on the current valuation.

Last week, Airbnb had topped a $100 billion market value. Over the past week, stock price climbed over 26% as it went from $147.22 on January 11 morning to $185.97 at 12:30PM ET on January 14. And it closed at $169.27 on Friday January 15 with a market value of $101.75 billion.