- First the pandemic and now the Ukraine invasion, Airbnb is facing a series of unprecedented challenges.
- Management is executing brilliantly in difficult times, and most financial metrics reached record levels in Q4.
- The business model is supported by strong competitive advantages and an attractive profitability profile.
- Valuation is very reasonable considering the quality of the business.
- The stock will remain under pressure due to market conditions in the short term. Over the long term, however, the upside potential looks clearly attractive.
For further details see:
Airbnb: Being Greedy When Others Are Fearful