Airbnb gains after KeyBanc upgrade, calls it 'AI beneficiary'

By Reuters News

** AirbnbABNB.O shares gain 2% to $163.70 in premarket trading

** KeyBanc Capital Markets raises to "overweight" from "sector weight" with PT $191, implying an upside of about 19% to stock's last close

** Says "Airbnb is entering a period of more durable growth, supported by accelerating core trends, hotels emerging as a meaningful growth driver, and continued margin expansion"
** "Airbnb is an AI beneficiary and the business is defensible against AI disruption" - KeyBanc

** Twenty-seven of 45 brokerages rate the stock "buy" or higher, 17 "hold" and 1 "sell"; their median PT is $189.86 - LSEG-compiled data

** Up to last day's close, shares up 18.2% YTD

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