1 Growth Stock Down 40% to Buy Right Now
During the 2023 first quarter, ended March 31, Airbnb (NASDAQ: ABNB) posted revenue and diluted earnings per share of $1.8 billion and $0.18, respectively, beating Wall Street analyst expectations. However, this didn't please investors, as the stock dropped more than 10% immediately following the news because of disappointing guidance for the current quarter. Management said comparisons to last year would be difficult.
Zooming out, we see that this travel company's shares are down 40% from their all-time high, even though they've been on an impressive run in 2023. In my opinion, this means that Airbnb looks like a beaten-down growth stock that investors should buy now. Here's why.
Looking past the fact that the business disappointed analyst estimates for guidance, Airbnb is seeing strong demand for its travel platform. Gross booking value increased 19% to more than $20 billion in the quarter. Nights and experiences booked also jumped 19% year over year.
Source Fool.com
travel BV ADR Stock
Currently there is a rather positive sentiment for travel BV ADR with 4 Buy predictions and 0 Sell predictions.
With a target price of 3 € there is potential for a 439.57% increase which would mean more than doubling the current price of 0.56 € for travel BV ADR.
