RBC Capital Downgrades Airbnb to Sector Perform
<p>Analysts at RBC Capital downgraded <a href='https://financialmodelingprep.com/financial-summary/ABNB'>Airbnb, Inc. (NASDAQ:ABNB) </a>to Sector Perform From Outperform, lowering their price target to $175 from $195. The brokerage mentioned five key reasons for the downgrade:</p>
<p>(1)	Recent property manager checks indicate significant bookings getting pulled forward from Q2/Q3 of 2022, which means near-term upside may get recognized as setting up for some potential air pockets through the middle of next year,</p>
<p>(2)	Elevated forward Street ambitious margin expansion assumptions,</p>
<p>(3)	Company is most exposed to a direct-to-property manager booking mix shift, </p>
<p>(4)	While supply should continue unlocking post-pandemic, the brokerage expected measured increases which likely throttle the bigger bookings upside potential necessary to drive step-function upside to the stock,</p>
<p>(5)	 Call optionality is likely somewhat known and already priced in. </p>

NASDAQ:ABNB