Wedbush Securities has upgraded Airbnb (ABNB) to Outperform from Neutral, raising its price target to $165 from $160. The investment firm encouraged investors to take advantage of Airbnb's current period of relative weakness, as the company is seeing strong web traffic amid a renewed consumer push for vacations. Yahoo Finance's Seana Smith and Madison Mills break down the latest news and whether the company can turn its spike in searches into bookings. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
Airbnb stock is slumping this month following the company's Q1 earnings report, which one analysts sees as an opportunity.
First-quarter revenues for both Li Auto (LI) and XPeng (XPEV) rise year over year. However, LI witnesses a 10.5% decline in its EPS, while XPEV's loss per share narrows on a year-over-year basis.