Airbnb, Inc. (NASDAQ:ABNB) is one of the 12 Most Profitable S&P 500 Stocks to Invest In.
On June 24, 2026, Chicago Mayor Brandon Johnson, Business Affairs and Consumer Protection Commissioner Ivan Capifali, and Corporation Counsel Mary B. Richardson-Lowry announced that the City of Chicago filed a lawsuit against Airbnb, Inc. (NASDAQ:ABNB), Airbnb Living, LLC, and Slumber Stay LLC. Slumber Stay was described as one of Airbnb’s most active hosts in Chicago. The complaint, filed in the Circuit Court of Cook County, alleges repeated violations of the City’s Shared Housing Ordinance and other consumer protection laws. It also alleges that the defendants profited from unlawful short-term rental activity while evading requirements meant to protect short-term renters, preserve residential quality of life, and maintain affordable housing supply. Johnson said the City is focused on building a “safer, more affordable Chicago,” while ensuring the industry operates fairly and safely.
On June 12, Truist raised its price target on Airbnb to $134 from $129 and maintained a Hold rating as part of a broader Q2 preview for Online Travel and Leisure Facilities names. Truist said the revenue and spending backdrop looked generally encouraging for U.S. mass-market leisure travel and Orlando from Q2 through Q4, with the backdrop becoming stronger higher up the “K” in the bifurcated economy.
Photo by Karsten Winegeart on Unsplash
Also on June 12, Mizuho reiterated an Outperform rating on Airbnb following industry checks. Mizuho said investors continue to underappreciate the likely acceleration from hotels and the broader cultural shift underway at Airbnb. The firm came away from its checks “more bullish than ever,” saying hotels are eager to work with Airbnb, connectivity friction is improving, and the “cultural shift necessary for Hotel to become big is happening.” Airbnb remains a top pick at Mizuho.
Airbnb, Inc. (NASDAQ:ABNB) operates a platform for stays, experiences, and services worldwide.
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