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Airbnb rises after annual revenue growth forecast lifted

By Reuters News

** Vacation rental platform Airbnb ABNB.O shares rise 11.9% to $190.35 premarket

** The San Francisco-based company expects annual revenue growth in the "high teens," compared with its "at least mid-teens" forecast earlier

** Co authorizes a new $12 bln share repurchase program

** Jefferies raises ABNB PT to $215 from $170, implying ~26% upside from last close, after a beat-and-raise quarter that showed faster growth across regions, markets and new customers

** Average rating of 19 out of 44 analysts is "buy," 16 "hold," 8 "strong buy" and 1 "sell"; their median PT is $200 - LSEG data

** Up to last close, stock has risen 25.4% YTD

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