Cantor Fitzgerald analyst Deepak Mathivanan has reduced the price target for Airbnb (ABNB, Financial) from $130 to $101, maintaining an "Underweight" rating on the stock. This adjustment comes ahead of the first-quarter earnings reports for companies within the internet sector, expected to begin next week. Cantor's outlook suggests the results may display "mixed signals" due to several factors.
The anticipated challenges include growing macroeconomic uncertainties, the impact of tariffs on current and future demand, and changes in consumer behavior driven by tariff concerns. Cantor Fitzgerald advises that a defensive investment strategy, with a focus on unique market opportunities, could be effective during the Q1 earnings period for the internet sector.
The firm has also incorporated expectations of a macroeconomic slowdown into its forecasts for the second quarter and the latter half of the year. These changes indicate a cautious approach by Cantor Fitzgerald as they navigate potential market shifts impacting companies like Airbnb (ABNB, Financial).
