Airbnb Price Target Jumps to $129 with 2027 EBITDA at $5.37B
Truist raised Airbnb’s price target to $129 after boosting its 2026 adjusted EBITDA forecast to $4.79 billion and 2026 EPS to $5.03. The firm projects 2027 adjusted EBITDA of $5.37 billion and EPS of $5.96, valuing shares at a 20.0x multiple on 2027 EBITDA.
1. Analyst Upgrade and Outlook Revision
Truist upgraded Airbnb from Sell to Hold and lifted its price target to $129, reflecting confidence in sustained earnings growth after reviewing 4Q25 results. The adjustment underscores the firm’s view of resilient travel demand and improving profitability prospects.
2. 2026 and 2027 Financial Projections
The 2026 adjusted EBITDA forecast was raised marginally to $4.79 billion from $4.78 billion, with EPS lifted to $5.03 from $4.93. For 2027, projections include $5.37 billion in adjusted EBITDA and EPS of $5.96, introducing a longer-term earnings trajectory.
3. Valuation Multiples and Price Target
The new $129 target is based on a blended 20.0x multiple applied to the 2027 adjusted EBITDA forecast, consistent with prior valuation methodology. Shares trade at 24.9x and 20.2x the 2026E and 2027E adjusted EBITDA estimates, indicating potential upside at the revised target.
4. Market Demand Trends
Travel demand remains robust across regions, with U.S. hotel revenue growth hitting 4.3% in February, Asia-Pacific showing strong performance, and Europe holding steady. Online travel agencies continue to see volume growth in the high single digits to low double digits, supporting the optimistic outlook.