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Jefferies places bullish call on Airbnb stock ahead of earnings

Yahoo Finance's Brian Sozzi discusses new analyst notes on Airbnb as Jefferies raises its price target on the stock.

Video Transcript

BRIAN SOZZI: All right, ahead of Airbnb's earnings in a few weeks, we are getting a very bullish call on the stock out of Jefferies. Says Jefferies team, "We recommend buying Airbnb on consensus upside, recession-proof characteristics, dominate market share in the fastest-growing travel vertical, and a long runway for margin expansion." The analyst hiked their price target on Airbnb to $150 from $125.

Also seeing some cautious comments out of another investment bank as well. So a little mixed commentary on Airbnb into its earnings report.

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