BUZZ-Airbnb's stock rises after KeyBanc upgrades its rating, calling it an "AI beneficiary"

October 2 - ** Airbnb (stock code: ABNB.O) shares rose 2% in premarket trading to $163.70

** KeyBanc Capital Markets upgraded the rating from “Sector Weight” to “Overweight”, setting a target price of $191, representing about 19% upside from the previous session’s closing price

** The firm said: “Supported by accelerating core trends, hotels becoming a significant growth driver, and continued margin expansion, Airbnb is entering a more durable growth period.”
** “Airbnb is a beneficiary of artificial intelligence, and its business is resilient to disruption from AI,” said KeyBanc

** Of 45 brokerages, 27 rate the stock “Buy” or higher, 17 rate it “Hold”, and 1 rates it “Sell”; the median target price is $189.86, according to LSEG compiled data

** As of yesterday’s close, shares had gained 18.2% so far this year

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