Airbnb, Inc. (ABNB) Monthly Report
Publication Date: September 22, 2024
Company Overview
Airbnb, Inc. (ABNB), headquartered in San Francisco, California, is a leading name in the travel services industry, specifically within the Consumer Cyclical sector. Founded in 2007, Airbnb connects hosts and guests for stays and experiences worldwide through its online platform and mobile app. Originally established as AirBed & Breakfast, Inc., the company rebranded in November 2010 and has since evolved to become a significant player in the Hotels, Resorts & Cruise Lines sub-industry. As a publicly traded company, ABNB offers insights into its financial health and market performance, making it an intriguing option for investors.
Market Performance and Analyst Insights
Airbnb reported total revenue of approximately $10.5 billion, highlighting a solid operational presence within the travel market. Currently, ABNB’s stock price is $131.18, suggesting a potential upside with a high target price of $195.00. However, analysts recommend a cautious approach, advising stakeholders to hold their positions. The average target price stands at $127.54, indicating expectations for stabilization near this figure. With 440,001,984 shares outstanding and a modest short position of 3.04% (13,237,015 shares), investor confidence appears relatively strong despite the stock’s current price being approximately 22.9% below its 52-week high of $170.10.
Current Metrics and Investment Perspective
With 422,294,445 shares available for trading, the stock exhibits healthy liquidity. The fifty-day moving average of $126.19 indicates positive short-term momentum as the current price trades above this average. The consensus among 32 analysts indicates a cautious hold recommendation with an average score of 2.8. The disparity between the current price and the high target price suggests a potential undervaluation of the stock, offering prospective investors an attractive buying opportunity as long-term growth in the travel sector remains a possibility.
In summary, while Airbnb shows potential for growth, market conditions warrant cautious monitoring for any significant investment actions.
| Metric | Value |
|---|---|
| Market Cap | $83.0b |
| Total Debt | $2.3b |
| Total Cash | $11.3b |
| Shares Outstanding | 440.0m |
| Float Shares | 422.3m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.