NASDAQ:ABNB

Airbnb (ABNB) Stock Forecast, Price & News

$131.98

-4.58 (-3.35%)

(As of 09:58 AM ET)

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Today's Range: $130.82
▼
$133.41
50-Day Range: $124.00
▼
$153.33
52-Week Range: $81.91
▼
$154.95

Volume: 1.46 million shs
Average Volume: 6.41 million shs
Market Capitalization: $85.43 billion

P/E Ratio: 38.48
Dividend Yield: N/A
Price Target: $144.81

Airbnb MarketRank™ Forecast

Analyst Rating: Hold
2.38 Rating Score
Upside/Downside: 9.8% Upside
$144.81 Price Target
Short Interest: Healthy
3.96% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.37
Based on 45 Articles This Week
Insider Trading: Selling Shares
$236.75 M Sold Last Quarter
Proj. Earnings Growth: 16.80%
From $3.75 to $4.38 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Computer And Technology Sector

221st out of 604 stocks

Services To Dwellings & Other Buildings Industry

2nd out of 5 stocks

2.2

Analyst's Opinion

Consensus Rating
Airbnb has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 17 buy ratings, 13 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $144.81, Airbnb has a forecasted upside of 9.8% from its current price of $131.85.
Amount of Analyst Coverage
Airbnb has been the subject of 18 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
3.96% of the outstanding shares of Airbnb have been sold short.
Short Interest Ratio / Days to Cover
Airbnb has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Airbnb has recently increased by 30.15%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Airbnb does not currently pay a dividend.
Dividend Growth
Airbnb does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ABNB.

2.4

News and Social Media Coverage

News Sentiment
Airbnb has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 45 news articles for Airbnb this week, compared to 23 articles on an average week.
Search Interest
Only 59 people have searched for ABNB on MarketBeat in the last 30 days. This is a decrease of -2% compared to the previous 30 days.
MarketBeat Follows
50 people have added Airbnb to their MarketBeat watchlist in the last 30 days. This is an increase of 32% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Airbnb insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $236,751,093.00 in company stock.
Percentage Held by Insiders
30.84% of the stock of Airbnb is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
44.19% of the stock of Airbnb is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Airbnb are expected to grow by 16.80% in the coming year, from $3.75 to $4.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Airbnb is 38.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of Airbnb is 38.44, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 218.21.
Price to Earnings Growth Ratio
Airbnb has a PEG Ratio of 1.80. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Airbnb has a P/B Ratio of 15.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Airbnb (NASDAQ:ABNB) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

ABNB Stock News Headlines

September 20, 2023 | marketbeat.com

Airbnb says it's cracking down on fake listings and has removed 59,000 of them this year

Airbnb says it's cracking down on fake listings, which are emerging as a major problem for customers of the short-term rental site

September 16, 2023 | marketbeat.com

MarketBeat Week in Review – 9/11 - 9/15 (ABNB)

Markets continue to trade in a defined range, and some analysts believe something has to change; that may come next week after the Fed meeting

October 3, 2023 | Edge On The Street (Ad)

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September 14, 2023 | marketbeat.com

An Airbnb, Vrbo or other rental host ghosted you. Now what?

Sometimes hosts offering to rent their vacation home, RV or car through peer-to-peer sharing sites don’t show up at the time they promised to exchange keys

September 12, 2023 | marketbeat.com

Airbnb Joins the S&P 500, Time to Buy In?

Digital lodging platform Airbnb Inc. (NASDAQ: ABNB) shares gained over 7% on news of being added to the S&P 500 index on Sept. 18, 2023. It will

October 3, 2023 | za.investing.com

Point Biopharma, ALX Oncology surges premarket; McCormick, Airbnb falls

October 3, 2023 | msn.com

Airbnb’s stock slumps after KeyBanc downgrade on expectations for a pullback in leisure travel

October 3, 2023 | investing.com

Airbnb cut at KeyBanc as leisure travel tailwinds fade, margins reach near-term peak

October 3, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."

October 3, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Airbnb

October 3, 2023 | finance.yahoo.com

Airbnb looking at a bleak winter, says KeyBanc: 4 big analyst cuts

October 3, 2023 | finance.yahoo.com

Florence bans new short-term rentals in historic centre