#3 - Airbnb (NASDAQ:ABNB)
Airbnb (NASDAQ: ABNB) had one of the most anticipated IPOs of 2020. But if you didn’t get in early, you may be looking at a slight loss. ABNB stock has been selling off since February and is down nearly 30% from that price. However, it’s been rallying in the past month and looks ready to deliver on its promise.
One reason for this is that as investors begin to put the pandemic behind them, they’re focusing on future earnings and revenue growth. Both of those metrics look to be solid reasons to buy ABNB stock. Analysts give the stock a consensus hold rating with a price target that suggests an upside of over 8%. However, Loop Capital recently boosted its price target to over $240.
Airbnb is hoping that its unique business model that offers consumers a wider selection of more intriguing properties will help it stand out as Americans get back to traveling.
About Airbnb
Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.
Read More - Current Price
- $158.57
- Consensus Rating
- Hold
- Ratings Breakdown
- 10 Buy Ratings, 18 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $149.19 (5.9% Downside)
