Why Airbnb Stock Soared 10% Today

Why Airbnb Stock Soared 10% Today

Shares of Airbnb (NASDAQ: ABNB) closed up 10% today after Reuters reported that the company has offered to provide free, temporary housing to 20,000 Afghan refugees worldwide. On the other hand, the positive PR that Airbnb will earn from this move is invaluable. Meanwhile, beyond PR, Airbnb got some good news yesterday when analysts at DA Davidson reiterated their buy rating and $174 price target on the stock.