Airbnb (ABNB) has been given a positive outlook by Bernstein analysts, despite the stock’s recent poor performance. They believe that the company has further margin upside, as it continues to grow and marketing spend rolls off. Phillip Capital also upgraded the stock to Buy from Accumulate, citing seasonality weakness in 1Q23 revenue and PATMI, but expecting a rebound in 2H23e due to summer travel demand and higher operating leverage. With these positive outlooks, investors may want to consider adding ABNB to their watchlist.
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