Airbnb Launches Airport Pickup in 125 Cities; Baird Upholds $145 Target
Airbnb launched private airport pickups in 125 cities including Paris, Bali and Mexico City through a Welcome Pickups partnership, and its pilot logged thousands of app bookings. Baird kept an Outperform rating with a $145 target, citing Q1 demand holding steady and shares trading below peer multiples despite travel headwinds.
1. Airport Pickup Service Expansion
Airbnb has expanded its Services initiative by integrating a private airport pickup option in 125 cities across Asia, Europe and Latin America, including Paris, Bali and Mexico City. The feature appears in the app after a stay is booked, letting guests schedule fixed-fare rides and request meet-and-greet assistance without additional Airbnb fees, while Welcome Pickups handles pricing and support.
2. Baird Maintains Outperform Rating
Baird reaffirmed an Outperform rating on Airbnb with a $145 price target, noting that first-quarter demand held in line with expectations and that summer travel trends remain robust. The firm highlighted that shares are trading below historical and peer multiples despite geopolitical and broader travel headwinds, suggesting potential upside for investors.