11:15 AM EDT, 08/08/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We cut our 12-month target to $136 from $139 on 27.3x our 2026 EPS view. We lift our 2025 EPS view to $4.52 from $4.39 and keep 2026's at $4.98. We maintain Hold following Q2 results that exceeded expectations with 13% revenue growth and $1.03 EPS versus $0.93 consensus, though management's cautious Q3 guidance signals ongoing deceleration. The successful launch of Services and Experiences demonstrates strategic progress beyond accommodations, with 60,000 host applications since May, but meaningful revenue contribution remains 2-3 years away. International expansion continues driving growth with expansion markets outpacing core markets for six consecutive quarters, particularly in Asia Pacific and Latin America. While we appreciate the platform's defensive characteristics, including $11.4B cash and 31% FCF margins, the current valuation adequately reflects both the growth opportunity and execution risks. Upside catalysts are limited given macro headwinds.