Airbnb Inc. (ABNB) is expected to grow earnings and revenues in the years ahead

At the time of writing, Airbnb Inc. [ABNB] stock is trading at $104.13, down -1.04%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ABNB shares have gain 2.82% over the last week, with a monthly amount glided 19.59%, and seem to be holding up well over a long-time horizon.

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On 1, November 2022, Airbnb to Participate at Web Summit. In a post published today on Yahoo Finance, Airbnb, Inc. (NASDAQ: ABNB) announced today that Co-Founder and Chief Strategy Office, Nathan Blecharczyk, will speak at the Web Summit Technology Conference held in Lisbon on Thursday, November 3, beginning at 16:40pm CET. A live webcast of the session will be available to the public at https://youtu.be/vGsj1fwkZnI.

From an analyst’s perspective:

Airbnb Inc. [NASDAQ: ABNB] stock has seen the most recent analyst activity on December 07, 2022, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $80 from $110. Previously, Robert W. Baird downgraded its rating to Neutral on November 22, 2022, and dropped its price target to $100. On October 05, 2022, Bernstein initiated with a Outperform rating and assigned a price target of $143 on the stock. Argus started tracking the stock assigning a Hold rating. JMP Securities downgraded its rating to a Mkt Perform. Wolfe Research reiterated a Peer Perform rating for this stock on June 15, 2022, and downed its price target to $110. In a note dated April 20, 2022, Citigroup upgraded an Buy rating on this stock and revised its target price from $214 to $200.

For the past year, the stock price of Airbnb Inc. fluctuated between $81.91 and $191.73. Currently, Wall Street analysts expect the stock to reach $122.30 within the next 12 months. Airbnb Inc. [NASDAQ: ABNB] shares were valued at $104.13 at the most recent close of the market. An investor can expect a potential return of 17.45% based on the average ABNB price forecast.

Analyzing the ABNB fundamentals

According to Airbnb Inc. [NASDAQ:ABNB], the company’s sales were 2.88 billion in the recent quarter, which represents an 28.90% jump. Gross Margin for this corporation currently stands at +80.71% with Operating Margin at +9.24%, Pretax Margin comes in at -5.01%, and Net Margin reading is -5.88%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 103.17 points at the first support level, and at 102.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.74, and for the 2nd resistance point, it is at 107.35.

Airbnb Inc. [ABNB] reported earnings per share of $0.56 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.43/share, meaning a difference of $0.13 and a surprise factor of 30.20%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.03 per share as compared to estimates of -$0.29 per share, a difference of $0.26 representing a surprise of 89.70%.

Ratios To Look Out For

It is important to note that Airbnb Inc. [NASDAQ:ABNB] has a current ratio of 1.90. Also, the Quick Ratio is 1.95, while the Cash Ratio stands at 1.31. Considering the valuation of this stock, the price to sales ratio is 17.11, the price to book ratio is 22.09 and the P/E (TTM) ratio is 43.44.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 3 insider buyings of 24,271 shares and 45 insider sellings of 1,252,819 shares. Recent insider trading involved BALOGH ARISTOTLE N, Chief Technology Officer, that happened on Jan 17 when 5250.0 shares were sold. Chief Technology Officer, BALOGH ARISTOTLE N completed a deal on Jan 10 to sell 2750.0 shares. Meanwhile, Chief Technology Officer BALOGH ARISTOTLE N sold 5250.0 shares on Jan 03.