Overview
- Airbnb reports first-quarter results Wednesday, with consensus calling for $0.30 in EPS and $2.62 billion in revenue.
- Options traders expect about a 7.85% move in either direction when the numbers hit.
- Oppenheimer, which upgraded the stock Monday to Outperform with a $180 target, cited hotel expansion, a reserve-now-pay-later option, and AI-powered search as growth drivers.
- UBS kept a Neutral rating while lifting its target to $153, warning that Middle East conflict could dent travel demand in the next two quarters.
- After Q4 revenue rose 12% to $2.8 billion and gross booking value climbed 16% to $20.4 billion, analysts model roughly 156 million nights and $27.85 billion in Q1 gross booking value, the dollar total of reservations.