Airbnb is lower after Gordon Haskett says many catalysts are already priced in
Carl Court/Getty Images News


Airbnb (ABNB
-3.2%) trades lower after Gordon Haskett drops its rating on the online travel stock to Hold from Buy. The firm warns that many of the expected near-term and long-term catalysts for Airbnb are already priced in to the current share price.

Other much-discussed catalysts like increasing take rates on hosts, a loyalty program and a paid positioning initiative are seen as unlikely to come to fruition.
Shares of ANBN are down about 20% from where they stood when the first Omicron COVID headlines hit.
Wall Street analyst ratings scorecard on ABNB: 17 Buy-equivalent ratings or higher, 18 Neutral-equivalent ratings and 3 Sell-equivalent ratings.