Wells Fargo Raises Airbnb Price Target to $178, Unveils Hotel Expansion
Wells Fargo upgraded Airbnb to Overweight and raised its price target to $178. Airbnb forecasts softer Q2 guidance due to a 3% cut in global airline capacity and is adding independent hotels to its platform to capture the $1.6 trillion business travel market.
1. Wells Fargo Upgrade
Wells Fargo analysts moved Airbnb’s rating from Equal Weight to Overweight and increased the price target from $136 to $178, citing confidence in the company's diversified lodging model and growth outlook.
2. Softer Q2 Guidance
Airbnb expects Q2 2026 performance to be pressured by a roughly 3% reduction in global airline capacity for May, which could dampen travel demand across its Europe, Middle East and Africa operations.
3. Hotel Platform Expansion
To tap into the $1.6 trillion business travel market, Airbnb is onboarding independent and boutique hotels in major cities, offering a competitive commission structure to attract hotel partners and broaden its accommodation inventory.