By Sam Boughedda
Investing.com -- BTIG analyst Jake Fuller told investors in a note Monday that Airbnb Inc (NASDAQ:ABNB) is on track to meet room night guidance.
According to TheFly, Fuller wrote that the company was on track to meet the guidance due to a rebound in February and March bookings following the Covid-19 omicron variant.
The analyst made the case despite the fact he is more comfortable projecting 95 million room-nights compared to over 100 million suggested by the Buyside.
Nevertheless, Fuller maintains a Neutral rating on the stock, adding that the bull case for Airbnb is based on "catching up to pre-Covid growth rates" rather than the room-night recovery rate compared to pre-pandemic levels.
Airbnb shares are down 0.5% Monday.
In potentially positive news for Airbnb, it was reported earlier in the day that London's Heathrow Airport saw its March passenger numbers come in at their highest levels since the pandemic began.