A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California.
Gabrielle Lurie | Reuters
Airbnb is showing its potential as a post-pandemic winner, and it's time for investors to jump in, Wells Fargo said Friday.
The company reported on Thursday first-quarter revenue of $887 million, topping a Refinitiv projection of $714 million. While Airbnb still reported a net loss for the quarter, it also showed year-over-year improvement in a key earnings metric.
Analyst Brian Fitzgerald upgraded the stock to overweight from equal weight, saying in a note to clients that the company's report was a preview of its post-pandemic strength.
