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Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Airbnb, Splunk, Hershey, and Diageo.
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Airbnb cut to Hold at Jefferies
Jefferies downgraded Airbnb (NASDAQ:) to Hold from Buy and cut its price target to $140.00 from $155.00.
The analysts noted a slowdown in bookings for Airbnb, which increases the risk of not meeting consensus expectations, making the story more reliant on potential take rate expansion.
However, Jefferies’ detailed analysis suggests that the opportunities for monetization are largely reflected in Airbnb’s current stock price. This is highlighted by Airbnb’s valuation being 65% higher than the average in the Internet sector, despite having similar EBITDA growth.
Splunk cut to Hold at Truist
Truist Securities downgraded Splunk (NASDAQ:) to Hold from Buy with a price target of $157.00 following Q3 results yesterday, as reported in real-time on InvestingPro.
The analysts noted that Splunk had a strong quarter with revenue and non-GAAP operating profit exceeding both…
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