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Is Airbnb Stock a Buy Now?

TheMotleyFool

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Is Airbnb Stock a Buy Now?Photo, wide shot, wide-angle lens, Clothing manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/7d69264d-49b2-466c-9987-b2706836d522.png

Share prices of Airbnb (NASDAQ: ABNB) have taken off since the company's IPO on Dec. 10. Despite listing at a tumultuous time for the travel industry, Airbnb's shares currently trade at $180.40 -- more than double its IPO price of $68 a share. At $108.44 billion, Airbnb's market capitalization has already eclipsed the combined valuations of rivals Booking Holdings (NASDAQ: BKNG) and Expedia Group (NASDAQ: EXPE).

Investors who missed the rally may wonder if they should chase up Airbnb's soaring stock price. But first, they need to understand why Airbnb is getting so much love.

Image source: Getty Images.

Source Fool.com

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