ABNB - Airbnb: Don't Rush To Buy The Dip
2024-05-10 09:34:28 ET
Summary
- Airbnb's Q1 2024 results have led to a sharp drop in the share price, and this might look like a good time to buy.
- The sell-off, however, was justified as Airbnb's high growth story is coming under more scrutiny.
- Even though it still trades at similar levels to its IPO price, Airbnb's stock is not a bargain.
Airbnb, Inc. ( ABNB ) just reported its Q1 2024 results and the market has reacted negatively on the slightly disappointing outlook. The stock fell nearly 7% on the day of the earnings release, and it seems that 2024 is shaping up to be a difficult one for the online platform....
Airbnb: Don't Rush To Buy The Dip