Airbnb, Inc. (ABNB) Target Raised at Truist Following Q4 Performance and Sector Review

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TheFly reported on March 26 that Truist Financial revised its rating on ABNB to Hold from Sell, setting a new price target of $129, up from $107. The upgrade followed an increase in the company’s 2026 adjusted EBITDA and earnings forecasts. Truist also refreshed its sector-wide estimates and targets for lodging and leisure companies after reviewing fourth-quarter results, reflecting stronger-than-expected performance and improved financial outlooks across the segment.

Separately, earlier on March 10, Airbnb, Inc. (NASDAQ:ABNB) announced that Gus Fuldner will join the company as Global Head of Operations, effective March 16. Fuldner, previously a senior executive at Uber, brings extensive experience in building operational systems at scale and tackling complex logistical challenges. His appointment follows a planned leadership transition, succeeding the outgoing operations head, and is intended to strengthen Airbnb’s global operations.

Fuldner will focus on unifying dispersed teams and systems into a cohesive, AI-powered platform designed to improve efficiency, enhance the guest and host experience, and ensure reliable, high-quality service across ABNB’s worldwide operations.

Airbnb, Inc. (NASDAQ:ABNB) is a global online marketplace connecting travelers with hosts, offering short-term lodging, experiences, and unique accommodations in over 220 countries and regions.

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