ABNB 1D mountain Airbnb after releasing its fourth-quarter earnings Goldman Sachs' Eric Sheridan was even more negative on the stock going forward. and other regions, with governments voicing concern about the companies' impacts on local housing prices.
Additionally, Airbnb has faced regulatory pressures within the U.S.
"Airbnb is built on the concept of trust, so negative behaviors of hosts and/or guests could negatively affect Airbnb's reputation and public perception." The company has struggled with damage to rental sites from parties, and instituted a permanent ban on house parties in 2022. Anmuth also pointed to a more fundamental problem for Airbnb. He added that that Airbnb is still "early in profitability ramp," meaning it could take a while before its bottom line shows significant growth. JPMorgan's Doug Anmuth also reiterated a neutral rating on the stock, noting that online travel is growing more competitive. The analyst has a price target of $160 per share, implying upside of 32.3%. "Risks include competition, slower-than-expected consumer adoption of alternative accommodations, potential reacceleration in core short- term stays, and faster-than-expected rollout of ancillary revenue streams," Credit Suisse analyst Stephen Ju said in a note, maintaining his neutral rating. Several analysts covering the stock reiterated their neutral or sell ratings on Airbnb a day after the company reported its calendar fourth-quarter results, citing ongoing risks for the short-term rental name. Airbnb 's latest quarterly earnings outperformed expectations, but most analysts are still concerned about the stock going forward.
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