Airbnb, Inc.

(NASDAQ Global Select)
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Somewhat Bullish +42

Wells Fargo cuts Airbnb target to USD 185 for Airbnb stock

Analyst downgrade AI-generated analysis

πŸ“‰ Wells Fargo cut its Airbnb price target from USD 186.00 to USD 185.00 on October 7, 2026, while keeping the Overweight rating.

πŸ“ˆ Airbnb reported second-quarter 2026 revenue of USD 3.61 billion, up 17.00 percent year over year.

πŸ’° Net income for Q2 2026 reached USD 816.0 million with adjusted EBITDA of USD 1.261 billion.

πŸ›Œ Nights and seats booked increased 10.00 percent to 148.3 million in the second quarter.

πŸ’΅ Gross booking value rose 16.00 percent to USD 27.247 billion during the reported period.

πŸ“… Third-quarter 2026 results are scheduled for release on November 5, 2026, after market close.

🏠 Airbnb launched a USD 250.0 million housing initiative to unlock USD 5.0 billion in investment.

🎯 Management guided for Q3 revenue between USD 4.69 billion and USD 4.77 billion.

πŸ“Š Full-year 2026 adjusted EBITDA margin guidance stands at a minimum of 35.50 percent.

πŸ“ˆ Stock traded at EUR 146.38 on October 9, 2026, up 0.16 percent versus the prior close.

Bullish Signals
  • Airbnb reported second-quarter 2026 revenue of USD 3.61 billion, a robust 17.00 percent year-over-year increase.
  • Gross booking value grew 16.00 percent to USD 27.247 billion, outpacing the growth in nights and seats booked.
  • The company generated net income of USD 816.0 million and adjusted EBITDA of USD 1.261 billion in Q2 2026.
  • Wells Fargo maintains an Overweight rating on Airbnb despite the minor price target reduction.
  • Management provided clear guidance for Q3 revenue between USD 4.69 billion and USD 4.77 billion.
Risk Factors
  • Wells Fargo lowered its price target from USD 186.00 to USD 185.00, reflecting a slight trim in the third-quarter nights-growth forecast.
  • The analyst firm trimmed its Q3 nights-growth forecast to 11.80 percent, indicating a more conservative outlook for the upcoming quarter.
Full Analysis
Wells Fargo has lowered its price target for Airbnb Inc. from USD 186.00 to USD 185.00 while maintaining an Overweight rating, citing a modest adjustment in the third-quarter nights-growth forecast to 11.80 percent. This analyst action follows Airbnb's second-quarter 2026 financial results, which showed revenue of USD 3.61 billion, representing a 17.00 percent year-over-year increase driven by strong gross booking value growth. Airbnb reported net income of USD 816.0 million and adjusted EBITDA of USD 1.261 billion for the quarter ended June 30, 2026. Key metrics included a 10.00 percent increase in nights and seats booked to 148.3 million and a 16.00 percent rise in gross booking value to USD 27.247 billion, outpacing the overall revenue growth rate. The company is scheduled to release third-quarter 2026 results after market close on November 5, 2026. Management previously guided for Q3 revenue between USD 4.69 billion and USD 4.77 billion and a full-year 2026 adjusted EBITDA margin of at least 35.50 percent, setting clear benchmarks for the upcoming earnings release. Airbnb also announced a new USD 250.0 million housing initiative on September 15, 2026, designed to unlock USD 5.0 billion in investment. The stock traded around EUR 146.38 on October 9, 2026, with a market capitalization of approximately USD 97.6 billion.