Is It Too Late to Buy Airbnb Stock?
Airbnb (NASDAQ: ABNB) has been in sizzling form on the stock market in 2023, as shares of the vacation rentals platform provider have jumped 43% year to date, and it looks like the stock's hot rally could be here to stay amid an expected improvement in tourism demand this year that could help it sustain its solid growth.
So does this mean investors who have missed out on Airbnb's impressive rally should buy the stock before it becomes more expensive? Let's find out.
Airbnb reported revenue of $8.4 billion in 2022, an increase of 40% over the prior year. It also swung to an adjusted profit of $2.79 per share during the year, compared to a loss of $0.57 per share in 2021. The terrific improvement in Airbnb's numbers was driven by a big jump in the number of nights and experiences booked on the company's platform.
Source Fool.com
