3 Reasons to Bet on Airbnb in 2023
Airbnb (NASDAQ: ABNB), the home-sharing disruptor, made a big splash on the stock market when it went public in 2020.
Like most growth stocks, Airbnb surged through 2021, but it's stumbled in 2022 even as the company has reported strong growth on the top and bottom lines. Year to date, the stock is down 42% as investors seem to be betting that the recovery in the travel market will soon fade as fears of a global recession rise.
However, even in a weakening macroeconomic climate, Airbnb looks like a smart stock to own. Here are three reasons why.
Source Fool.com
