Brian Fitzgerald of Wells Fargo, a five-star analyst rated the stock a buy and raised his $200 price target per share to $210. He argued that the long-term nonurban booki Nonetheless, Fitzgerald expects the more flexible travel trends to stick around. He believes as consumers might retain their increasingly hybrid work schedules. However, since the company has several domestic and international property options, that could be a good choice for both travelers and business people. Although the Covid-19 pandemic had hit the rental business so hard, things have been going well for Airbnb. Its Nights and Experiences initiative expanded 197% year-over-year, and it saw gross booking value move 320% upward over that same period. Airbnb has been attracting more hosts. Consequently, that helped its supply and demand curve stay strong. The company’s new strategy of onboarding new hosts had cut the onboarding time by more than 50%.
ngs are rising as the economies are opening up throughout the summer with vacation season getting underway.
