Chesky Brian sold $8.4M of ABNB

Airbnb (ABNB) shares rose 4.2% over five sessions after KeyBanc upgraded it to Overweight with a $191 target, citing growth in hotel bookings and AI enhancements. The stock closed at $162.43 on Oct. 2, ending a four-week losing streak. KeyBanc believes Airbnb's new business models could drive future growth, and the stock trades at a lower valuation than traditional hotel chains.

ARK Innovation ETF, managed by Cathie Wood, bought $81M in Nvidia, $13.1M in Broadcom, and $7.3M in CoreWeave, while selling $111.1M in AMD. Other purchases included Intellia Therapeutics, BWX Technologies, and Tesla. Sales included 10x Genomics, Tempus AI, Alphabet, and Palantir.

KeyBanc upgraded Airbnb to Overweight with a $191 price target, implying 19% upside. The analyst cites durable core growth, rapid expansion in hotels, and AI benefits. Airbnb's stock is near multi-year lows after a weak September. 35% of first-time hotel bookers return for homes, suggesting incremental growth. The stock trades at 14.1x 2028 EV/EBITDA, below its 3-year median. 27 of 45 analysts rate it a buy or strong buy.

KeyBanc upgraded Airbnb (ABNB) to Overweight with a $191 price target, citing durable core growth, hotels as a second growth engine, and AI benefits. Analyst Sergio Segura highlights hotels' faster growth and incremental bookings. Shares trade below three-year median valuation, offering a compelling risk-reward, according to the firm.

KeyBanc upgraded Airbnb to overweight, setting a $191 price target, citing durable growth, hotel expansion, and AI benefits. The stock trades below its 3-year median valuation, at 14.1x 2028 EV/EBITDA. Analysts highlight its strong brand and direct traffic. 60% of analysts rate it buy or strong buy. Shares are up 18% YTD.

KeyBanc upgraded Airbnb (ABNB) to overweight, setting a $191 price target, implying 20% upside from the last close. Shares rose 2% premarket on Friday.