Airbnb rises after Jefferies upgrades to 'buy'

Shares of Airbnb ABNB.O up 1.8% at $136.79 premarket

Jefferies upgrades stock to "buy" from "hold" and raises PT to $185 from $165

Core lodging business alone is worth ABNB's current value, implying zero is being ascribed to experiences or take rate, brokerage says citing its analysis

Believes lodging share gains will be augmented by increased adoption of experiences, an opportunity ABNB is uniquely well positioned to capture

U.S. stocks broadly lower in premarket trading on heightened trade war concerns .N

On Feb. 13, ABNB posted higher quarterly revenue as international travel demand remained strong, although it forecast slower growth for Q1 due to tough year-over-year comparisons and a stronger dollar

14 out of 45 brokerages covering ABNB rate it "buy" or higher, 26 "hold" and 5 "sell" or lower; median PT is $160, which implies a 19% upside over the next 12 months - data compiled by LSEG

Stock has tumbled 18% in the past 21 sessions, and down 39% from its 2021 peak