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BUZZ-Airbnb shares climb as demand for premium stays persists

Reuters
Feb 13
BUZZ-Airbnb shares climb as demand for premium stays persists

** Shares of vacation rental company Airbnb ABNB.O rise 4.11% to $120.73 premarket

** Co becomes latest travel company to highlight steady demand for premium stays even as budget-conscious travelers cut back

** Baird expects ABNB "to continue ramping hotel listings, and support product and global expansion with more aggressive marketing"

** B. Riley says ABNB's unique consumer offering and rapid innovation keep it well placed as AI becomes more central

** ABNB forecasts revenue between $2.59 billion and $2.63 billion for the first quarter, vs. analysts' estimates of $2.53 billion

** 42 analysts rate stock "hold" on average; median PT is $148.52 - data compiled by LSEG

** As of last close, stock down 14.55% YTD

(Reporting by Kanishka Ajmera in Bengaluru)

((mail to: Kanishka.Ajmera@thomsonreuters.com))

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