ABNB - Airbnb: A High-Quality Business At A Reasonable Price
2024-06-25 08:30:00 ET
Summary
- Despite tripling its business since IPO, Airbnb's stock has gone nowhere in the past three years.
- In this note, we shall go over Airbnb's business trends and outlook.
- Furthermore, we will evaluate Airbnb's long-term risk/reward using TQI's Valuation model.
Introduction
On its IPO day in December 2020, vacation rentals marketplace - Airbnb, Inc. ( ABNB ) stock opened for trading at $146 per share, roughly 114% above its IPO price of $68 per share. Since this stellar debut, Airbnb's stock has swung as high as ~$220 and as low as ~$80, as you can see on the chart below....
Airbnb: A High-Quality Business At A Reasonable Price