2024-03-09 10:17:00 ET
Airbnb (NASDAQ: ABNB) ended 2023 with strong momentum on its side. The popular travel booking platform reported revenue growth of 18% last year, bringing the total to $9.9 billion. It looks like consumer spending remains robust, despite macroeconomic uncertainty.
After spending a sizable chunk of the past couple years well below its IPO price , shares of Airbnb are now up 10% since they hit the public markets in Dec. 20 (as of March 5). However, they're still 27% below their all-time high, which was set in Feb. 2021.
Don't let that deter you from considering this stock as a portfolio addition. In my view, Airbnb is a top growth stock to buy right now.
For further details see:
1 Growth Stock Down 27% to Buy Right Now