Is Airbnb Stock a Buy?
As bad as 2020 was for businesses, there were several huge IPOs. Airbnb (NASDAQ: ABNB) was one of the most highly anticipated of the group, and it opened on the stock market at $146 after being priced at $68 for the IPO.
2020 was a pretty bad year for the travel company, making the valuation all the more outrageous. But in a 2021 that's already seen losing companies bid up into the stratosphere, is this more of the same? Or is Airbnb a buy?
Airbnb fills a need beyond what hotels and traditional travel establishments can provide, offering features such as lower prices and community living, including areas where there are no hotels. It has become so popular that an entire industry of local vacation rentals is known by its name.
Source Fool.com
