Airbnb is rising after revenues, as one analyst calls it “ the best asset in travel. ”

Airbnb’s stock is up a whopping 16% on Friday after a number of analyst reports show the company is well positioned to capitalize on the expected recovery in the travel industry.

Jefferies, Canaccord Genuity and Mizhuo Securities raised their price targets for Airbnb after the company released its first earnings report on Thursday since its initial public offering in December. The company posted a net loss of $ 3.89 billion, largely attributable to IPO costs, but posted fourth-quarter revenues of $ 859 million, ahead of analyst expectations of $ 748 million.

“We continue to believe ABNB remains the best travel asset, and we love the fact that cost reductions have positioned the Co. well for travel recovery,” wrote Jefferies, raising his Airbnb pricing target from $ 170 to $ 210.

In its report, Mizuho wrote that it expects room night trends for Airbnb to return to the company’s 2019 levels in the second half of 2021. Mizuho raised his Airbnb price target from $ 150 to $ 176.

“Moving towards 1Q21, we expect nighttime trends in the rooms to improve with meaningful recovery in 2H21,” Mizuho wrote.

Canaccord Genuity, meanwhile, increased its Airbnb price target from $ 175 to $ 220. Canaccord Genuity specifically highlighted a marketing campaign announced by Airbnb executives to recruit more hosts for the service.

“Pent-up travel needs and working from anywhere have already led to lower availability of offerings in North America, and management is planning a recovery in material travel this year by prioritizing offering expansion, including a targeted marketing plan. on landlords and a simplification of host onboarding, ”Canaccord Genuity wrote.