Sam Boughedda

Investing.com — Airbnb Inc (NASDAQ:) shares rose more than 3% on Monday after several analysts increased their price targets on the stock as transatlantic travel demand gathers pace.

On Thursday, the company released its third quarter results and stock prices rose by nearly 13%. 

Piper Sandler (Susquehanna), Loop Capital, Wells Fargo and DA Davidson raised price targets Monday. Airbnb’s earnings were also considered.

But, most people missed the main point: the U.S. is now open to travelers who have been vaccinated from all over the world. This includes those from Europe, the U.K and other parts of the world. Scott Devitt, a Susquehanna analyst, described Airbnb as a stock that is essential for recovery.

Today, nearly twenty months after the ban was lifted by the United States on international travel from over 30 countries. This will undoubtedly lead to an increase in Airbnb bookings. It’s not surprising that analysts are once again focusing on the stock. 

Piper Sandler increased Airbnb’s price target to $215 from $175, Susquehanna increased the price target to $235 from $200, Loop Capital lifted it to $250 from $205, Wells Fargo increased it to $225 from $210 and DA Davidson boosted it by $56 to $230.

Airbnb currently has a stock price of around $208