Airbnb: penalized by a broker downgrade

(CercleFinance.com) - Airbnb loses more than 2% on Wall Street, penalized by a downgrade at Barclays from 'online weighted' to 'underweight' on the short-term accommodation rental platform's stock, with a price target lowered from $135 to $100.


The broker believes that 'growth in online travel sales will slow from here, as 'pent-up' demand eventually runs out, especially as consumer wallets come under increasing pressure'.

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