Airbnb (NASDAQ: ABNB) stock is down by close to 15% from its all-time highs, trading at about $188 per share, due to the broader sell-off in high-growth technology stocks. However, the outlook for Airbnb’s business is actually very strong.
Full Answer
Should you buy Airbnb stock right now?
Right now, Airbnb is in the process of adding millions of new hosts. This makes it one of the best stocks to buy now. Airbnb’s stock is up approximately 20% so far since going public in late 2020. Another trend to keep an eye on is economic policy.
Is Airbnb overvalued?
Yes, extremely overvalued. The legal system hasn't caught up with AirBnB yet. Pretty soon someone not in their typical demo is going to use their service and there will be a resulting lawsuit for one reason or another that starts the legal firestorm. Hotels are subject to regulations and insurance requirements to protect the liability issue.
Will Airbnb stock go up?
Airbnb Inc. (NASDAQ:ABNB) trade information Airbnb Inc. (ABNB) registered a -4.34% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.34% in intraday trading to $160.84 this Wednesday, 12/15/21, hitting a ...
When will Airbnb go public?
Airbnb Inc. said Thursday it plans to go public in 2020, a long-awaited move by the home-sharing company that is both loved and reviled for its disruption of the hotel business.
Why is Airbnb going down?
Airbnb went public at the end of 2020 when it was posting pandemic-driven declines, but eager investors snapped up shares of the disruptor's stock, sending it soaring. That eventually slowed down, but the company has been ramping it up, demonstrating a robust rebound despite travel still being pressured.
Is Airbnb stock a good buy?
Airbnb certainly seems to fit that mold. Despite reporting excellent first-quarter results, shares are at all-time lows. That's a great time to load up on a company with a great business model, solid fundamentals, and a strong management team.
Will Airbnb stock go up 2022?
Airbnb is also likely to post its first full-year profit in 2022 and this could also prove a catalyst for the stock in a market where investors are increasingly prioritizing earnings and cash flows. We value Airbnb stock at about $180 per share, or about 14.5x our projected 2022 revenues for the company.
What is the prediction for Airbnb stock?
Stock Price Forecast The 30 analysts offering 12-month price forecasts for Airbnb Inc have a median target of 185.00, with a high estimate of 250.00 and a low estimate of 130.00. The median estimate represents a +54.40% increase from the last price of 119.82.
Is it too late to buy Airbnb stock?
It's not too late to buy Airbnb It still faces some regulatory challenges and competition from cheaper hotels and traditional online travel agencies, but its growth rates indicate it's withstanding those challenges.
Is Airbnb buy sell or hold?
Airbnb has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 15 buy ratings, 15 hold ratings, and 1 sell rating.
Is Airbnb stocks profitable?
Airbnb Stock Today Airbnb posted a net profit of 8 cents a share vs. a new loss of 58 cents during the coronavirus-plagued quarter in 2020. The positive earnings also crushed Wall Street's view for 4 cents. Revenue ripped 78% higher to $1.53 billion, accelerating from a 67% jump in the third quarter of 2021.
Is Airbnb a profitable company?
Airbnb said its net income was nearly four times the $219 million that it earned a year earlier and nearly triple the $267 million it reported in the third quarter of 2019. Revenue rose 67% from a year ago and 36% from the same quarter in 2019, to $2.24 billion.
Will Airbnb go up?
With travel surging, Airbnb is well-positioned to capitalize on pent-up demand. Spring is in the air, and people are itching to travel as COVID cases dwindle from their January 2022 peak.
What is Nio price target?
The 29 analysts offering 12-month price forecasts for NIO Inc have a median target of 31.50, with a high estimate of 82.78 and a low estimate of 23.03. The median estimate represents a +54.92% increase from the last price of 20.33.
How much does the average Airbnb make?
Airbnb hosts make, on average, about $924 a month, according to research from low-interest lender Earnest. Of course, that income can vary dramatically depending on where you're based, how frequently you rent out your place, the quality of your home and the services you provide.
What is Apple's target price?
Analyst Price Target on AAPL Based on 27 Wall Street analysts offering 12 month price targets for Apple in the last 3 months. The average price target is $186.45 with a high forecast of $210.00 and a low forecast of $157.00. The average price target represents a 28.25% change from the last price of $145.38.
How many countries does Airbnb have?
Its network of hosts can offer rentals in 220 countries and 100,000 cities. No competing alternative accommodations company can even come close.
Can you buy Airbnb as a long term hold?
If you are looking to buy Airbnb as a long-term hold, this is probably not the time or price to do so.
Key Points
Investors are weighing the uncertainty around COVID-19 and an analyst downgrade against a highly valued stock price.
NASDAQ: ABNB
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What happened
Shares of Airbnb ( ABNB -2.00% ) were down 13.3% week to date through Thursday's market close, according to data provided by S&P Global Market Intelligence.
So what
The reopening of the economy has been good for business in 2021. Airbnb suffered a severe drop in demand during 2020, but nights and experiences booked on the platform have rebounded strongly this year. In the third quarter, the company reported a robust 67% increase in revenue year over year.
NASDAQ: ABNB
Market participants must weigh Airbnb's near-term and long-term prospects against a high valuation, which seems to be the main reason for the downgrade from RBC Capital Markets analyst Brad Erickson. Airbnb hasn't reported a consistent profit as a public company, yet the stock trades at a rich 18 times trailing-12-month sales.
Now what
Ignoring near-term speed bumps, Airbnb is still solidly positioned for long-term growth. In addition to strength in nights and experiences booked across North America, Europe, the Middle East, and Africa, the company also reported an acceleration in Latin America last quarter.
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How much revenue does Airbnb make in 2019?
The portion of Gross Bookings that Airbnb recognizes as Revenue rose from $2.6 billion in 2017 to around $4.8 billion in 2019. However, the number is likely to fall sharply in 2020 as Covid-19 has hurt the vacation rental market, with total Revenue likely to fall by about 30% year-over-year.
How much is Airbnb worth?
Airbnb is currently valued at a whopping $90 billion, while DoorDash is valued at about $50 billion.
What are the improvements of Airbnb?
Core improvements include greater flexibility in searching for booking dates and destinations and a simpler onboarding process, which makes it easier to become a host.
How many analysts cover Airbnb?
Firstly, sell-side coverage increased considerably in January, as the quiet period for analysts at banks that underwrote Airbnb’s IPO ended. Over 25 analysts now cover the stock, up from just a couple in December.
Is Expedia stronger than Airbnb?
For example, online travel major Expedia (NASDAQ:EXPE) which also owns Vrbo, a fast-growing vacation rental business, is valued at about $25 billion, or just about 3.3x projected 2021 revenue. Expedia growth is actually likely to be stronger than Airbnb’s, with revenue poised to expand by 45% in 2021 and by another 40% in 2022 per consensus ...
Is Airbnb going down in 2020?
In comparison, Airbnb’s revenue was down only 30% in 2020. While we think that the long-term outlook for Airbnb is compelling, given the company’s strong growth rates and the fact that its brand is synonymous with vacation rentals, the stock is expensive in our view.
Is Airbnb stock down?
Airbnb (NASDAQ: ABNB) stock is down by close to 15% from its all-time highs, trading at about $188 per share, due to the broader sell-off in high-growth technology stocks. However, the outlook for Airbnb’s business is actually very strong.
How much revenue does Airbnb make in 2019?
The portion of Gross Bookings that Airbnb recognizes as Revenue rose from $2.6 billion in 2017 to around $4.8 billion in 2019. However, the number is likely to fall sharply in 2020 as Covid-19 has hurt the vacation rental market, with total Revenue likely to fall by about 30% year-over-year.
What are the improvements of Airbnb?
Core improvements include greater flexibility in searching for booking dates and destinations and a simpler onboarding process, which makes it easier to become a host.
How much is Airbnb worth in 2021?
The company is valued at about $130 billion, or about 31x consensus 2021 revenues. Airbnb’s sales are likely to grow by about 37% this year. In comparison, online travel giant Expedia which also owns Vrbo, a growing vacation rental business, is valued at about $20 billion, or just about 3x projected 2021 revenue.
How many countries does Airbnb operate in?
There are a couple of long-term factors as well. Airbnb’s platform scales much more easily into new markets, with the company’s operating in about 220 countries compared to DoorDash, which is a logistics-based business that has thus far been restricted to the U.S alone.
How many analysts cover Airbnb?
Firstly, sell-side coverage increased considerably in January, as the quiet period for analysts at banks that underwrote Airbnb’s IPO ended. Over 25 analysts now cover the stock, up from just a couple in December.
Is Airbnb going down in 2020?
In comparison, Airbnb’s revenue was down only 30% in 2020. While we think that the long-term outlook for Airbnb is compelling, given the company’s strong growth rates and the fact that its brand is synonymous with vacation rentals, the stock is expensive in our view.
Is Airbnb stock down?
Airbnb (NASDAQ: ABNB) stock is down by close to 15% from its all-time highs, trading at about $188 per share, due to the broader sell-off in high-growth technology stocks. However, the outlook for Airbnb’s business is actually very strong.
How much revenue does Airbnb make in 2019?
The portion of Gross Bookings that Airbnb recognizes as Revenue rose from $2.6 billion in 2017 to around $4.8 billion in 2019. However, the number is likely to fall sharply in 2020 as Covid-19 has hurt the vacation rental market, with total Revenue likely to fall by about 30% year-over-year.
How much is Airbnb worth in 2021?
The company is valued at about $130 billion, or about 31x consensus 2021 revenues. Airbnb’s sales are likely to grow by about 37% this year. In comparison, online travel giant Expedia which also owns Vrbo, a growing vacation rental business, is valued at about $20 billion, or just about 3x projected 2021 revenue.
How many countries does Airbnb operate in?
There are a couple of long-term factors as well. Airbnb’s platform scales much more easily into new markets, with the company’s operating in about 220 countries compared to DoorDash, which is a logistics-based business that has thus far been restricted to the U.S alone.
How many analysts cover Airbnb?
Firstly, sell-side coverage increased considerably in January, as the quiet period for analysts at banks that underwrote Airbnb’s IPO ended. Over 25 analysts now cover the stock, up from just a couple in December.
Is Expedia stronger than Airbnb?
For example, online travel major Expedia which also owns Vrbo, a fast-growing vacation rental business, is valued at about $25 billion, or just about 3.3x projected 2021 revenue. Expedia growth is actually likely to be stronger than Airbnb’s, with revenue poised to expand by 45% in 2021 and by another 40% in 2022 per consensus estimates.
Is Airbnb going down in 2020?
In comparison, Airbnb’s revenue was down only 30% in 2020. While we think that the long-term outlook for Airbnb is compelling, given the company’s strong growth rates and the fact that its brand is synonymous with vacation rentals, the stock is expensive in our view. Even post the recent correction, the company is valued at over $113 billion, ...
Is Airbnb still appealing?
The Airbnb Story Still Has Appeal. However, we think the Airbnb story has more appeal compared to DoorDash, for a couple of reasons. Firstly in the near-term, Airbnb stands to gain considerably from the end of Covid-19 with highly effective vaccines already being rolled out.
How much money will Airbnb make in 2020?
After all, Airbnb’s total revenue for 2020 was $3.4 billion. That’s a total opportunity equivalent to 1,000-times the existing sales of the company. Others believe these numbers are accurate, or at least reflect the total gross addressable market.
Does Airbnb have a moat?
Airbnb has insulated itself with a pretty decent moat, and innovated its way to this position. Additionally, I think investors need to focus on post-pandemic growth. We’re all trudging through the pandemic the best we can right now.
