Airbnb Stock: Bull vs. Bear
Airbnb (NASDAQ: ABNB) had its initial public offering late in 2020, and the stock has seen some volatile trading since then. The company's shares now trade roughly 37% below market close on the day of its public debut, and investors may be wondering if it's a good time to build a position in this travel player. Before you make a decision, consider the bull and bear cases presented by these two Motley Fool contributors.
Keith Noonan: Airbnb is a category-leading player in the accommodation-rental space, and its stock has been unfairly pressured in the recent market rout for growth stocks. Despite the company's strong business and an impressive growth outlook, its shares are down roughly 45% year to date and 58% from their lifetime high. Long-term investors should consider pouncing on the opportunity to buy the stock at currently discounted levels.
Now that pandemic-related restrictions have eased in most of the world, Airbnb is on track for record business performance this year. The number of nights and experiences booked through the company's platform increased 59% year over year to reach 102.1 million in the first quarter. Along with improving pricing strength, this helped push overall revenue up 70% to reach $1.5 billion in the period. Performance for the remainder of the year likely stands to be even more impressive.
Source Fool.com
