2 Reasons to Buy Airbnb Stock, and 1 Reason to Sell
Airbnb (NASDAQ: ABNB) stock has become a Wall Street favorite this year. Shares of the home rental giant are up over 50% so far in 2023, beating the 30% rally in the Nasdaq Composite index.
Some factors supporting that rally are well known by investors, including Airbnb's impressive earnings and sales growth. But there are other good reasons to feel bullish about the stock, too.
Let's take a closer look at two trends that suggest a long runway for growth ahead, along with one reason why investors might consider selling the stock anyway.
Source Fool.com
