On August 11, Airbnb, Inc. rose 3.01% in regular trading, trading at $183.36/share, with turnover of $684 million. The stock continued its post-earnings rally as multiple investment banks raised their target prices in recent days.

On the news front, BMO Capital raised its target price from $146 to $165, Barclays from $125 to $150, UBS from $163 to $172, and Wedbush upgraded the stock to Outperform while raising its target from $152 to $200. BofA Securities also previously lifted its target to $160 from $150. According to FactSet, the average analyst price target now stands at $173.17 with an overweight consensus rating.

The upgrades follow the company's strong Q2 report released on August 6, in which revenue of $3.61 billion beat the $3.58 billion estimate, and EPS of $1.37 surpassed the $1.25 consensus by 9.6%. Net income grew 27% year-over-year to $816 million. The company raised full-year guidance and issued Q3 revenue guidance of $4.69-$4.77 billion, well above the $4.61 billion market expectation. CEO Brian Chesky indicated plans to increase AI investment significantly, citing higher revenue driven by AI integration across the platform.

(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.)