At the time of writing, Airbnb Inc [ABNB] stock is trading at $130.23, up 0.29%. An important factor to consider is whether the stock is rising or falling in short-term value. The ABNB shares have gain 2.70% over the last week, with a monthly amount glided 13.96%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Cantor Fitzgerald started tracking the stock with Underweight rating on September 05, 2024, and set its price target to $94. On September 04, 2024, downgrade downgraded it’s rating to Hold. Wedbush upgraded its rating to a Outperform and increased its price target to $165 on May 28, 2024. HSBC Securities downgraded its rating to a Hold and reduced its price target to $156 on May 09, 2024. Mizuho upgraded its rating to Buy for this stock on April 24, 2024, and upped its price target to $200. In a note dated April 11, 2024, The Benchmark Company initiated an Buy rating and provided a target price of $190 on this stock.
For the past year, the stock price of Airbnb Inc fluctuated between $110.38 and $170.10. Currently, Wall Street analysts expect the stock to reach $142.93 within the next 12 months. Airbnb Inc [NASDAQ: ABNB] shares were valued at $130.23 at the most recent close of the market. An investor can expect a potential return of 9.75% based on the average ABNB price forecast.
Analyzing the ABNB fundamentals
According to Airbnb Inc [NASDAQ:ABNB], the company’s sales were 10.51B for trailing twelve months, which represents an 10.63% jump. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.46%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.58 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.28.
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 128.90 points at the first support level, and at 127.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 131.44, and for the 2nd resistance point, it is at 132.64.
Ratios To Look Out For
It is important to note that Airbnb Inc [NASDAQ:ABNB] has a current ratio of 1.41. On the other hand, the Quick Ratio is 1.41, and the Cash Ratio is 0.5. Considering the valuation of this stock, the price to sales ratio is 7.84, the price to book ratio is 10.32 and price to earnings (TTM) ratio is 17.73.
Transactions by insiders
Recent insider trading involved Mertz Elinor, Officer, that happened on Oct 04 ’24 when 6250.0 shares were purchased. Chief Technology Officer, BALOGH ARISTOTLE N completed a deal on Oct 01 ’24 to sell 600.0 shares. Meanwhile, Director Gebbia Joseph sold 42719.0 shares on Oct 01 ’24.
