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?
Airbnb
ABNBMarket Cap
76B
P/E
28.63
Div. Yield
0.00%
EV
72B
P/S
6.89
Payout
0.00%
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.