Airbnb (ABNB) – A play on favorable analyst commentary. Analysts at Needham Wednesday morning highlighted a survey they conducted which showed “ABNB US’s supply advantage relative to competitor VRBO grew in March and April following declines for the previous 7 months.” Needham maintained a Buy rating and $150 price target on Airbnb.
Sysco Corp. (SYY) – A sympathy play following missed quarterly results and worse-than-expected guidance out of peer in the wholesale food distribution space, United Natural Foods (UNFI).
Coinbase (COIN) – Analysts at Canaccord were favorable on Coinbase following news earlier this week of an SEC suit against the company. The analysts said “the COIN legal/regulatory team is highly qualified and have good arguments” against the allegations made by the SEC.
Six Flags (SIX) – A play on summer-time amusement parks. Oppenheimer maintained a bullish rating on Six Flags following the company’s recent management meeting. Oppenheimer raised its price target on Six Flags to $35.
Tapestry (TPR) – A play on the luxury apparel space. Shares of peer Vera Bradley (VRA) were up nearly 20% Wednesday morning following mixed quarterly results and reaffirmed guidance.