Airbnb falls after downbeat second-quarter revenue forecast

Vacation rental platform Airbnb's ABNB.O shares down 5.6% to ~$117 premarket

Company forecast weaker-than-expected Q2 revenue on Thursday

Sees Q2 revenue between $2.99 bln and $3.05 bln, vs est $3.04 bln - LSEG

Company also flagged cooling travel demand in the U.S.

Airbnb expects Q2 price per occupied room to be flat compared to last year

However, J.P.Morgan raises PT on company's shares to $120 from $115; rating unchanged at "neutral"

Brokerage encouraged by maintenance of 2025 adj EBITDA margin forecast despite macro uncertainty

16 of 46 brokerages rate stock "buy" or higher, 25 "hold" and 5 "sell"; median PT $143.06

As of last close, stock down 5.6% YTD