Airbnb Inc Ordinary Shares - Class A
ABNB: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$731.00 | Dzqyqzj | Vzrfgymy |
Airbnb Earnings: Demand in 2024 Looks Healthy as the Network Advantage Strengthens
We don’t expect much change to our $137 fair value estimate for Airbnb, as 2024 sales and EBITDA margins continue to track our 14% growth and 35.6% forecast, respectively. Airbnb shares traded down 9% in May 8 after-hours trading, driven by undue concern over second-quarter sales guidance. We wouldn’t require much discount on our valuation to view the shares of this high-quality company as attractive.