Airbnb: Don’t Join The Buying Frenzy


  • Since our December Buy call, ABNB has skyrocketed over 50% as the market factored in significant pessimism.
  • Investors cheered as Airbnb delivered a rock-solid quarter, but their excitement might be short-lived as the company’s adjusted EBITDA growth is expected to hit a significant speed bump in 2023.
  • Now that ABNB’s valuation has not only normalized but also exceeded our previous price target, it’s imperative for investors to seriously consider reducing their exposure.

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Carl Court

Airbnb, Inc. (NASDAQ:ABNB) attracted a significant post-earnings buying frenzy even though the mood was somber at the end of 2022.

Accordingly, Wall Street analysts were rather pessimistic about Airbnb’s performance pre-earnings, as the consensus price target (PT) fell to a low

Airbnb ADR

Airbnb ADR (Company filings)

ABNB price chart (weekly)

ABNB price chart (weekly) (TradingView)

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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