Bernstein analysts reiterated their Outperform rating and set a price target of $168.00 for Airbnb (NASDAQ:ABNB) and noted that despite a relatively consistent performance aligned with expectations, improved guidance for average daily rates (ADRs) and margins, and the discrediting of several negative arguments during the quarter, Airbnb's stock has experienced a 15% decline since the beginning of August and a 10% drop since Q2 results. Q2 EPS of $0.98 and revenues of $2.5 billion came in better than the consensus estimates.

The analysts maintained their positive long-term outlook and see the current situation as an attractive opportunity, thus reaffirming the Outperform rating.