Airbnb: An Attractive Play

Aug. 31, 2024 11:04 AM ETAirbnb, Inc. (ABNB) StockBKNG, EXPE1 Comment
Thomas Veth profile picture
Thomas Veth
9 Followers

Summary

  • Airbnb's strong market dominance and innovative strategies position it well for future growth, despite recent underperformance compared to the S&P 500.
  • CEO Brian Chesky's vision includes new services like a co-hosting marketplace, which is expected to significantly increase listings and revenue.
  • Current market estimates undervalue Airbnb. My DCF model suggests a fair value of $160 per share, making it a Strong Buy.
  • Risks include consumer sentiment and potential black swan events, but the long-term growth potential in international markets remains robust.

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About ABNB Stock

SymbolLast Price% Chg
ABNB
117.310.61%
Post117.18-0.11%
Created with Highcharts 11.2.0Aug 26Au…Aug 27Aug 28Aug 29Aug 30114116118120
Market Cap
$74.19B
PE (FWD)
28.34
Yield
-
Rev Growth (YoY)
15.59%
Short Interest
2.51%
Prev. Close
$116.60
Compare to Peers

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