On October 2, 2026, KeyBanc upgraded Airbnb (ABNB) from sector weight to overweight. The bank set a new price target of $191. That target implies approximately 20% upside from the previous close. The upgrade reportedly lifted shares 2% in premarket trading.
KeyBanc cited Airbnb’s strong growth, market-share expansion and product innovation. The bank highlighted the company’s move into hotels and use of AI to improve user engagement as potential growth drivers.
The upgrade follows Airbnb’s recent fall product update, which introduced new AI-powered search capabilities.