Update shared on12 Sep 2025
Fair value Decreased 1.22%Despite continued strength in global travel demand and macroeconomic tailwinds supporting Airbnb’s core lodging business, lingering caution around non-core revenues and a muted U.S. travel rebound have led analysts to trim their consensus price target slightly from $139.83 to $138.12.
Analyst Commentary
- Stabilizing and resilient global travel demand, with particular growth in Asia Pacific and Latin America, is supporting consensus upgrades to sales growth expectations through 2025.
- Airbnb’s Q2 nights growth outperformed expectations and narrowed the growth gap with Booking Holdings, though analysts note Q4 will face challenging year-over-year comparisons.
- A more favorable macroeconomic environment, including lower China tariffs, is prompting upward revisions to industry revenue estimates and rolling valuation methodologies forward.
- Currency movements and some positive signals from domestic airlines modestly improve the outlook, but muted expectations persist for a significant rebound in U.S. travel demand.
- Bearish analysts remain cautious, viewing non-core services and experiences businesses as only minor contributors, and see the most attractive opportunities coming from further growth in Airbnb’s core lodging segment.
What's in the News
- Company repurchased 8,000,000 shares (1.29%) for $993.6 million between April and June, bringing total buybacks to 33,800,000 shares (5.37%) for $4,468.23 million under the previously announced plan.
- Announced new share repurchase program of up to $6 billion in Class A common stock with no expiration date.
- Board of Directors authorized a new buyback plan in August 2025.
Valuation Changes
Summary of Valuation Changes for Airbnb
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $139.83 to $138.12.
- The Future P/E for Airbnb remained effectively unchanged, moving only marginally from 27.48x to 27.16x.
- The Consensus Revenue Growth forecasts for Airbnb remained effectively unchanged, moving only marginally from 10.0% per annum to 10.1% per annum.
Disclaimer
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