The catalysts for Airbnb becoming a more popular choice may already be already priced into ABNB stock
Founded in 2008, Airbnb (NASDAQ:ABNB) has since become a hot commodity for lodging and vacation rentals. In just 13 years, the company has grown to 4 million hosts. It has stayed over 800 million guests. And it has done so in close to 100,000 cities around the world. It’s an amazing story and the company is backed by some legitimate tailwinds for growth coming out of the pandemic. However, I would advise caution when investing in ABNB stock.
Its current valuation is expensive. And that’s not the only risk to consider. Let’s dive a bit deeper into the story behind Airbnb’s stock. Click the image below to head to the Investorplace.com website, where you can read the whole article.
Photo credit: Airbnb