Airbnb shares fell 7.07% on Wall Street on Thursday, after RBC downgraded its shares from an industry performance.
The firm said Airbnb’s risk versus reward “ultimately seems too balanced at current levels to justify the outperformance.”
RBC lowered the target price of the short-term rental platform’s securities from $ 195 to $ 175 per unit.
Of the Wall Street analysts who follow the action, 18 suggest Buy, 16 Neutral and only one Sell.
Analysts at Investing assured that Airbnb’s stock is now on the razor’s edge, because if it trades below $ 160 (yesterday it closed at 156) it will have a trajectory of a fall of another $ 30 to retest the lows of this year.
Reference-www.eleconomista.com.mx