Baird Reiterates Buy Rating on Airbnb, Inc. (ABNB)
Baird maintains its buy rating for Airbnb with a $160 price target, a 8.99% upside from the current price.
Key Points
- On June 29, 2026, Baird reiterated its buy rating on Airbnb, Inc. (ABNB) with a price target of $160.
- Baird's $160 price target implies 8.99% upside from Airbnb, Inc.'s ($ABNB) current $146.80 share price.
- Airbnb's shares traded near $145.56 on Monday, with a market cap of approximately $86.39 billion and a P/E ratio of 35.94.
- Recent insider activity included multiple transactions by Chief Strategy Officer Nathan Blecharczyk, with both buys and sells noted.
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On June 29, 2026, Baird reiterated its buy rating on Airbnb, Inc. (NasdaqGS: ABNB), maintaining a price target of $160. Analyst Colin Sebastian continues to see potential for the online marketplace, which connects hosts and guests for stays and experiences globally.
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Other Institutional Activity in Airbnb
BlackRock, Inc. increased its holdings in Airbnb by 438,601 shares, bringing its total to 31,943,327 shares valued at about $4.03 billion. Vanguard Capital Management LLC opened a new position with 26,133,940 shares worth approximately $3.30 billion. Harris Associates L.P. added 467,827 shares, ending with 19,162,235 shares valued at $2.42 billion. State Street Corp reduced its stake by 189,352 shares, holding 17,733,208 shares worth $2.24 billion. Morgan Stanley cut its position by 2,808,700 shares, resulting in 10,426,161 shares valued at $1.32 billion.
Airbnb, Inc. Stock Down 22.5%
Shares of Airbnb traded near $145.56 on Monday. The company has a market cap of around $86.39 billion and a P/E ratio of 35.94. Its forward P/E is 24.01, with a beta of 1.159, indicating its sensitivity to market movements. The stock's 52-week range is between $110.81 and $147.58, with a 50-day moving average of $137.47 and a 200-day moving average of $129.59. Airbnb maintains a current ratio of 1.44 and a quick ratio of 0.75, reflecting its liquidity, with a debt-to-equity ratio of 33.19.
$ABNB price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Airbnb reported revenue of $12.65 billion with a growth rate of 17.9%. It achieved a net margin of 19.9% and a return on equity of 32.3%. The company earned $4.05 per share. Its next earnings report is expected on August 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
12 analysts raised price targets.
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EPS & revenue
EPS missed estimates by 11.9%. Revenue met estimates.
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Profit surprise
EBITDA missed by 83 percent. Operating income beat by 2 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 12 target raises.
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Earnings quality
Gross margin up 0.6 points. Operating margin up 1.5 points. Positive free cash flow.
Earnings Call Summary
Airbnb delivered a strong quarter with $2.678 billion in revenue, up 18 percent year over year, beating guidance. Gross booking value grew 19 percent and nights booked accelerated, though there was a 100 basis point headwind from Middle East conflict. The company is driving growth through Reserve Now Pay Later, which now represents 20 percent of bookings, app improvements that drove 22 percent app nights growth, and new initiatives like hotels and experiences. Management highlighted that nearly 60 percent of engineering code is now written with AI assistance, doubling the industry average.
Guidance Airbnb raised full year revenue growth outlook to low to mid-teens percent. For the next quarter, they guided $3.54 billion to $3.6 billion in revenue, representing 14 to 16 percent growth year over year. They expect adjusted EBITDA margin to be at least 35 percent for the full year.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Insider Buying and Selling at Airbnb, Inc.
Recent insider transactions involved Nathan Blecharczyk, Airbnb's Chief Strategy Officer. On June 24 and 25, 2026, he conducted several transactions, both planned and unplanned, involving over 88,000 shares at prices around $145.09 and $145.81.
Analysts Set New Price Targets
On June 29, 2026, Baird maintained its buy rating on Airbnb with a $160 price target. Earlier in June, Truist Securities maintained a hold rating with a $134 target, while CICC initiated coverage with a buy rating and a $165 target. DA Davidson also maintained a buy rating, setting a $162 target.
About Airbnb
Airbnb, Inc., headquartered in San Francisco, California, operates a platform that facilitates booking stays, experiences, and services worldwide. Founded in 2007, the company connects hosts and guests through its online and mobile platforms. Led by CEO Brian Chesky, Airbnb employs about 8,200 people and has grown to become a significant player in the travel services industry.
Bottom Line
Baird's reaffirmation of its buy rating on Airbnb with a $160 price target emphasizes continued confidence in the company's growth prospects. Investors track these ratings closely, although it's important to remember that analyst opinions are based on past data and market conditions. As always, it's crucial to consider a range of information when evaluating investment opportunities.
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