Phillip Capital Cuts Airbnb Rating, Raises Price Target to $158
In a special report focused on U.S. stocks’ second-quarter 2026 earnings, PhillipCapital cut its rating on Airbnb on Tuesday despite the vacation-rental platform’s latest earnings beating expectations and sending its stock higher. The firm also raised its price target to $158, which still implied about 14% downside from Monday’s close. Analyst Paul Chew said Airbnb’s revenue and profit after tax and minority interests (PATMI) could continue to grow in the second half of the year, but the stock’s valuation is already high. “Recent gains have pushed Airbnb’s valuation higher. The stock’s price-to-earnings ratio has reached 30.9 times, above the 29.6-times level corresponding to one standard deviation above its two-year historical average. The valuation carries a premium,” Chew said. The stock has risen more than 36% so far this year.
Analyst Paul Chew said Airbnb’s revenue and profit after tax and minority interests (PATMI) could continue to grow in the second half of the year, but the stock’s valuation is already high.
“Recent gains have pushed Airbnb’s valuation higher. The stock’s price-to-earnings ratio has reached 30.9 times, above the 29.6-times level corresponding to one standard deviation above its two-year historical average. The valuation carries a premium,” Chew said.
The stock has risen more than 36% so far this year.