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Will Airbnb Inc. (NASDAQ: ABNB) In 2023 Be Worth Your Money?

In the latest trading session, 1.21 million Airbnb Inc. (NASDAQ:ABNB) shares changed hands as the company’s beta touched 1.27. With the company’s most recent per share price at $140.95 changed hands at -$1.6 or -1.12% at last look, the market valuation stands at $92.11B. ABNB’s current price is a discount, trading about -9.93% off its 52-week high of $154.95. The share price had its 52-week low at $81.91, which suggests the last value was 41.89% up since then. When we look at Airbnb Inc.’s average trading volume, we note the 10-day average is 15.83 million shares, with the 3-month average coming to 6.65 million.

Analysts gave the Airbnb Inc. (ABNB) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.60. If we narrow down to specifics, the data shows that 5 out of 39 analysts rate the stock as a Sell, with a further 3 assigning it an Overweight rating. Of the remaining, 19 recommended ABNB as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight. Airbnb Inc.’s EPS for the current quarter is expected to be $2.07.

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Airbnb Inc. (NASDAQ:ABNB) trade information

Instantly ABNB was in red as seen in intraday trades today. With action -4.44%, the performance over the past five days has been red. The drop to weekly highs of 147.00 on Monday, 09/18/23 subtracted -1.12% to the stock’s daily price. The company’s shares are showing year-to-date upside of 64.85%, with the 5-day performance at -4.44% in the red. However, in the 30-day time frame, Airbnb Inc. (NASDAQ:ABNB) is 12.71% up. Looking at the short shares, we see there were 19.7 million shares sold at short interest cover period of 4.18 days.

The consensus price target for the stock as assigned by Wall Street analysts is $142.43, meaning bulls need an upside of 1.04% from its recent market value. According to analyst projections, ABNB’s forecast low is $75.00 with $175.00 as the target high. To hit the forecast high, the stock’s price needs a -24.16% plunge from its current level, while the stock would need to tank 46.79% for it to hit the projected low.

Airbnb Inc. (ABNB) estimates and forecasts

Data shows that the Airbnb Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 19.05% over the past 6 months, a 34.41% in annual growth rate that is considerably higher than the industry average of 16.30%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Airbnb Inc. will rise 15.60%, while the growth in revenue is estimated to hit 25.00% for the next quarter. Year-over-year growth is forecast to reach 17.30% up from the last financial year.

Consensus estimates given by 27 financial analysts project the company’s revenue in the current quarter to hit an average of $3.37 billion. 27 analysts are of the opinion that Airbnb Inc.’s revenue for the quarter ending Dec 2023 will be $2.18 billion. The company’s revenue for the corresponding quarters a year ago was $2.84 billion and $1.9 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 18.50%. The estimates for the next quarter sales put growth at 14.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 91.50%. The 2023 estimates are for Airbnb Inc. earnings to increase by 588.10%, but the outlook for the next 5-year period is at 22.00% per year.

ABNB Dividends

Airbnb Inc. is expected to release its next quarterly earnings report between October 30 and November 03.

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