Free Trial

Airbnb (ABNB) Stock Price, News & Analysis

$144.47
+3.43 (+2.43%)
(As of 05/24/2024 08:49 PM ET)
Today's Range
$142.30
$145.97
50-Day Range
$141.04
$168.18
52-Week Range
$103.74
$170.10
Volume
4.50 million shs
Average Volume
4.56 million shs
Market Capitalization
$93.04 billion
P/E Ratio
19.34
Dividend Yield
N/A
Price Target
$152.13

Airbnb MarketRank™ Stock Analysis

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
5.3% Upside
$152.13 Price Target
Short Interest
Healthy
2.39% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.85mentions of Airbnb in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$51.39 M Sold Last Quarter
Proj. Earnings Growth
14.56%
From $4.67 to $5.35 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.62 out of 5 stars

Computer And Technology Sector

207th out of 597 stocks

Services To Dwellings & Other Buildings Industry

3rd out of 6 stocks

ABNB stock logo

About Airbnb Stock (NASDAQ:ABNB)

Airbnb, Inc. is a global, web-based marketplace for short-term rentals and house-sharing arrangements. The company was founded in 2008 as AirBedandBreakfast.com after roommates Brian Chesky, and Joe Gebbia came up with the idea they could turn their apartment into a bed and breakfast if they had a website. The two brought on Nathan Blecharczyk as Chief Technology Officer, and by August of that same year, the company was up and running.

At first, the platform was solely for the trio's own use and they had their first customers soon after launching. The next year the trio was offered the chance to join the Y Combinator business incubator for the cost of a 6% ownership in the company. That deal got them $20,000 in capital they used to go to New York to promote and garner new investors. They came back to California with a plan to expand the business including the shift toward brokering deals rather than providing a room. At the end of 2009, the company had served more than 10,000 users and had more than 2,500 listings.

The next few years saw the company expand rapidly with the help of investors like Sequoia Capital and Google (now Alphabet). The company also retooled its website and appearance and launched a new logo. The logo is called Bélo and is meant to represent inclusiveness and belonging. During this time, the company also began its international expansion, opening offices first in London and then later in Singapore.

Airbnb owes much of its growth to acquisitions. The company has made more than a dozen major acquisitions over its short lifespan. Acquisitions include both expansions of territory as well as the depth of offerings and include CrashPadder in 2012 and HotelTonight in 2021. The company went public in 2020 to much fanfare, raising more than $3.5 billion in its first day of trading. That gave the company a valuation greater than $100 billion making it one of the largest IPOs in the travel industry ever recorded.

Today, Airbnb operates through a network of subsidiaries as a technology-based travel and leisure company. It operates a web-based platform that enables property owners to offer rental time to consumers globally. The platform works across devices and enables users to book complete travel packages or individual travel services. The company’s revenue was just short of $6 billion in 2021 due to the incredible boost from COVID-19 and social distancing. The event was a game-changer for this rapidly growing company and helped to cement it as the leader in its industry.

As of the end of the year 2021, the company had more than 4 million listings with more than double that number of beds. This puts it first worldwide and larger than the top 4 hotel brands combined. Revenue in 2022 topped $8.25 billion, a growth of 37.5% in only 2 years, and the company was only reaching a small fraction of its $3.4 trillion addressable market.

ABNB Stock Price History

ABNB Stock News Headlines

Airbnb Stock Plummets After Earnings, But is It a Buy?
First-quarter earnings are arguably the most important reports for any stock to release, as they set the tone for the rest of the year and give investors insight into their current—and potential—holdings. After reporting its own set of first-quarter 2024 results, shares of Airbnb Inc. NASDAQ: ABNB fell by 8.5% on what could be the wrong conclusions coming from the market.
Airbnb Stock Plummets After Earnings, But is It a Buy? (ABNB)
Airbnb stock's earnings dip could be a buy opportunity after investors check the double-digit growth in the company's profit drivers today.
Airbnb shares slide on lower revenue forecast despite a doubling of net income
Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop for its stock in after-market trading Wednesday
Want to spend the night in a Paris museum or a house owned by Prince? Airbnb plans to list them
Airbnb says it's going to give customers a chance at overnight stays in a Paris museum, a bedroom filled with Ferrari racing cars, and other exotic settings
ABNB Jun 2024 170.000 put
Is Airbnb, Inc. (NASDAQ:ABNB) Potentially Undervalued?
3 Travel Stocks to Buy Now: May 2024
See More Headlines
Receive ABNB Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Airbnb and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
5/08/2024
Today
5/26/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Services to dwellings & other buildings
Sub-Industry
Hotels Resorts & Cruise Lines
Current Symbol
NASDAQ:ABNB
Fax
N/A
Employees
6,907
Year Founded
2008

Price Target and Rating

Average Stock Price Target
$152.13
High Stock Price Target
$200.00
Low Stock Price Target
$105.00
Potential Upside/Downside
+5.3%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
32 Analysts

Profitability

Net Income
$4.79 billion
Pretax Margin
22.12%

Debt

Sales & Book Value

Annual Sales
$9.92 billion
Cash Flow
$4.61 per share
Book Value
$12.26 per share

Miscellaneous

Free Float
464,807,000
Market Cap
$93.04 billion
Optionable
Optionable
Beta
1.24

Social Links

10 Best Stocks to Own in 2024 Cover

Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio.

Get This Free Report

ABNB Stock Analysis - Frequently Asked Questions

Should I buy or sell Airbnb stock right now?

32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Airbnb in the last year. There are currently 4 sell ratings, 20 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ABNB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABNB, but not buy additional shares or sell existing shares.
View ABNB analyst ratings
or view top-rated stocks.

What is Airbnb's stock price target for 2024?

32 Wall Street analysts have issued 1-year price targets for Airbnb's shares. Their ABNB share price targets range from $105.00 to $200.00. On average, they expect the company's share price to reach $152.13 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price.
View analysts price targets for ABNB
or view top-rated stocks among Wall Street analysts.

How have ABNB shares performed in 2024?

Airbnb's stock was trading at $136.14 at the start of the year. Since then, ABNB stock has increased by 6.1% and is now trading at $144.47.
View the best growth stocks for 2024 here
.

When is Airbnb's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our ABNB earnings forecast
.

How were Airbnb's earnings last quarter?

Airbnb, Inc. (NASDAQ:ABNB) released its quarterly earnings data on Wednesday, May, 8th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.18. The company had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.06 billion. Airbnb had a net margin of 48.23% and a trailing twelve-month return on equity of 39.37%. The business's revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 earnings per share.

What guidance has Airbnb issued on next quarter's earnings?

Airbnb issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion.

When did Airbnb IPO?

Airbnb (ABNB) raised $2.4 billion in an initial public offering (IPO) on Thursday, December 10th 2020. The company issued 51,900,000 shares at a price of $44.00-$50.00 per share. Morgan Stanley and Goldman Sachs served as the underwriters for the IPO and Allen & Co., BofA Securities, Barclays, Citigroup, BNP Paribas, Mizuho Securities, Credit Suisse, Deutsche Bank Securities, Jefferies and Wells Fargo Securities were co-managers.

Who are Airbnb's major shareholders?

Airbnb's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.30%), Jennison Associates LLC (1.64%), Capital Research Global Investors (1.60%), Price T Rowe Associates Inc. MD (0.90%), Bank of New York Mellon Corp (0.47%) and Alphinity Investment Management Pty Ltd (0.39%). Insiders that own company stock include Alfred Lin, Ann Mather, Aristotle N Balogh, Aristotle N Balogh, Belinda J Johnson, Belinda J Johnson, Brian Chesky, Catherine C Powell, Dave Stephenson, David C Bernstein, David C Bernstein, Elinor Mertz, Jeffrey D Jordan, Jeffrey D Jordan, Joseph Gebbia, Joseph Gebbia, Nathan Blecharczyk and Wes Cummins.
View institutional ownership trends
.

How do I buy shares of Airbnb?

Shares of ABNB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Airbnb have any subsidiaries?
The following companies are subsidiares of Airbnb: Accoleo, Accomable, AdBasis, Airbnb International Holdings Limited, Airbnb Payments Holding LLC, ChangeCoin, Crashpadder, DailyBooth, Deco Software, Deco Software, Fondu, Gaest, HotelTonight, Lapka, LocalMind, Luckey Homes, Luxury Retreats, NabeWise, PencilLabs, Tilt, Trip4real, Trooly, Urbandoor, and Vamo.
Read More
This page (NASDAQ:ABNB) was last updated on 5/27/2024 by MarketBeat.com Staff

From Our Partners