On August 24, Airbnb, Inc. rose 3.1% in regular trading, trading at $193.185/share, with turnover of $359 million.

On the news front, Bernstein raised its price target on Airbnb from $168 to $217, implying approximately 12% upside from current levels. According to FactSet, the stock carries an average analyst rating of overweight with a consensus price target of $178.50. This follows similar upgrades from Argus (target raised to $220) and Jefferies (target raised to $215) earlier this month.

Additionally, Airbnb released data showing that Chinese travelers' outbound travel search activity for the Mid-Autumn and National Day holiday period surged approximately 3x compared to the May Day holiday, with average trip duration reaching 7 days. The strong demand signal reinforces the global travel recovery thesis that underpinned Airbnb's Q2 earnings beat, where revenue grew 17% year-over-year to $3.6 billion and net income rose 27%.

Within the Hotels, Resorts & Cruise Lines sector, Booking Holdings rose 2.14%, Carnival gained 0.19%, Royal Caribbean Cruises edged up 0.08%, Marriott advanced 1.18%, while Viking Holdings fell 1.07%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)