Jim Cramer expressed mixed feelings on
Airbnb, warning that the travel boom has ended while conceding the company is holding up. Its stock hit a 52-week low at $109.49, causing uncertainty among investors. However, some analysts predict nearly a 40% rise in Airbnb's stock value, drawing from
CEO Brian Chesky's Amazon-inspired approach strategies. Although its recent performance has been underwhelming, Airbnb's strong quarterly results reflect potential for growth. Market changes and airlines' guidance cuts have affected investor sentiment, causing a substantial drop in Airbnb's shares. It trades higher than its industry peers at
6.54X P/S. Concerns regarding a business slowdown have also impacted investment trends. Shares jumped on strong quarterly results and a robust expansion plan, despite a 25% dip from its 52-week high. Chesky's recent insider sale of $4.63 million in stock seemed controversial. The company's stock has potential growth but carries some level of risk, suggesting investors tread carefully. Nevertheless, high price targets from
Bernstein and
Tigress reflect the market's confidence in Airbnb.
Airbnb Stocks News Analytics from Thu, 19 Sep 2024 07:00:00 GMT to Sat, 05 Apr 2025 22:35:11 GMT -
Rating 4
- Innovation 6
- Information 7
- Rumor 4
