Is Airbnb Stock a Buy Now?
Few companies have rocketed out of the gate more powerfully than Airbnb (NASDAQ: ABNB) in 2023 -- the stock is up about 45% year to date. However, that quick jump might make investors think Airbnb has risen too fast.
Is that the case? Or is there another reason for Airbnb's stellar performance to start 2023? Let's find out.
Airbnb is the industry leader in short-term rentals for travelers. It has a global reach, and customers booked 90 million nights booked in the fourth quarter. In fact, Q4 saw the highest number of active bookers in the company's history, demonstrating that its platform has appeal even during economic uncertainty.
Source Fool.com
