Is Buying Airbnb Stock Below $135 a Smart Idea?

Airbnb (NASDAQ: ABNB) has become so popular that the company's name is often used as a verb when people are looking to travel and book their accommodations. Shares have recently been a disappointment, though, as they are down 2% year to date, as of this writing. Meanwhile, the major market indexes have soared in 2024.With this top travel stock trading at $133 per share, nearly 40% below its all-time high, is buying Airbnb at this level a smart idea?As a two-sided platform with tremendous scale, Airbnb connects millions of hosts and travelers across the globe. The 123 million nights and experiences booked in Q3 serve as clear evidence of the network effects the company enjoys, and this is key to the company's economic moat.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool