We recently published a list of 10 Stocks That Analysts Think Will Go Up. In this article, we are going to take a look at where Airbnb, Inc. (NASDAQ:ABNB) stands against other stocks that analysts think will go up.
The S&P 500 index touched an all-time high this week as Mark Zuckerberg’s company’s 20-day streak finally came to an end, adding $320 billion to the company’s market cap. The semiconductor stocks once again drove the broader market. However, as the rally cools down, the focus is shifting back to Donald Trump’s tariffs. Automobiles, pharmaceuticals, and semiconductor companies are expected to be hit in the next wave of tariffs which has forced investors to rethink their strategies.
As investors and analysts try to figure out where the market is headed, some companies are more likely to go up in share price than others. We looked through the recent analyst upgrades and shortlisted 10 companies that are likely to go up according to analysts. We also looked at the factors driving this analyst optimism.
To come up with the list of 10 stocks that analysts think will go up, we only considered stocks with a market cap of at least $1 billion that were upgraded this week.
A vacation home luxury bedroom setup with stunning decor showing a desired getaway experience.
Airbnb, Inc. (NASDAQ:ABNB)
Airbnb, Inc. (NASDAQ:ABNB) is a well-known platform for people to look for a place to reside when traveling. It connects people looking for living space to people who want to offer theirs, allowing seamless booking without involving any professional hospitality service provider like hotels.
The stock is up 20% in the last few days and for good reason. First, the company announced its Q4 earnings, registering double-digit growth in revenue as well as bookings. The company’s gross booking values have gone up threefold since its stock hit the market back in 2020. The firm is working on expanding its global footprint to strengthen its core business while simultaneously launching fresh initiatives.
The company’s stock was upgraded yesterday from Hold to Buy, with a price target of $190, a further 20% upside from here on. There are still concerns about the short-term volatility though. The stock has just gained 20% within a short period of time and the market may take some time to digest the new prospects before the stock can continue its next leg up.
Overall, ABNB ranks 2nd on our list of stocks that analysts think will go up. While we acknowledge the potential of ABNB as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as ABNB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
