Airbnb Rated Buy with $154 Target After 10% Q4 Booking Jump
Deutsche Bank raised Airbnb to Buy with a $154 target after Q4 nights booked jumped 10%, beating estimates by 3.6%. Reserve Now Pay Later and simplified host fees added over 200 basis points of margin expansion and underpin projected double-digit revenue growth in 2026.
1. Deutsche Bank Upgrade
Deutsche Bank upgraded Airbnb’s rating from Hold to Buy and set a $154 price target, reflecting confidence in the company’s recent performance and outlook. The move signals growing analyst optimism and may influence investor sentiment and valuation multiples.
2. Q4 Booking Performance
Airbnb reported a 10% increase in nights booked during Q4 2025, surpassing analyst forecasts by 3.6% and marking its fastest quarterly growth of the year. Strong holiday and off-peak travel demand contributed to this upside surprise.
3. Product Innovations and Guidance
The rollout of Reserve Now Pay Later and a simplified host fee structure delivered over 200 basis points of margin expansion. Management now forecasts double-digit revenue growth in 2026, supported by late-2025 product acceleration and anticipated foreign exchange gains.