As part of paying for the accommodation at $ABNB, I had to see how their stock was doing. They still haven't gotten out of the covid slump, yet their Q1 results weren't that bad. For me, it's a great service. Do you think they will be able to get to the same numbers as before the covid?
Over time, yes, it will depend on the world situation. But ABNB has made a solid comeback since covid. Those who bought in probably don't regret it.
During the summer, the share price will grow by an estimated 120-130. But don't take my word for it, I'm making a crystal ball prediction. 😉
There was hype in Covid and the stock was a while after the IPO, so the market was just pricing it in. At the moment, we have to wait. It's still in the early stages.