Airbnb's stock rises 1.61% to $165.87 amid renewed bullish support and strong earnings estimates.

Key points

• Analysts have raised price targets for Airbnb, with Citizens JMP increasing its target to $200 from $190, maintaining a 'market outperform' rating.
• RBC Capital reiterated an 'Outperform' rating and a $195 price target, highlighting Airbnb's expanding hotel inventory and strong operational execution.
• Airbnb's stock has pulled back from 52-week highs, with some analysts questioning if the strong growth story is already priced in.
• European cities are gaining more leeway to curb short-term rentals like Airbnb under new EU plans aimed at reducing housing costs in tourism hotspots.