Airbnb, Inc.
Airbnb, Inc. (NASDAQ: ABNB) is an online and mobile platform that links hosts and guests to rent locations and activities. It guides hosts through the listing process and provides a suite of tools to manage their listings, including scheduling, merchandising, integrated payments, community assistance, host protections, price suggestions, and review comments. It now boasts 4 million hosts from over 220 nations and regions who have hosted over 1 billion visitors.
Why should investors Book Profits?
Valuation Methodology: EV/EBITDA Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
ABNB shares have bagged approximately 21% over the last month and up by ~10% in the previous five trading sessions. However, at the current price level, ABNB shares face resistance and 14-day RSI, indicating that the current rally is getting exhausted, which might bring some consolidation in the stock at the current trading level. We have valued the stock using the EV/EBITDA-based relative valuation methodology and arrived at a target price of USD 165.20.
Considering the rise in the stock price in a short span, solvency risk on its balance sheet, still in bottom-line losses, current valuation, and associated risks, we recommend a "Sell" rating on the stock at the current price of USD 187.89, up 0.65% as of February 17, 2022, at 11:37 AM ET.
ABNB's 2-Year Technical Price Chart. (Source: REFINITIV, Analysis by Kalkine Group)
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.
Coupang, Inc.
Coupang, Inc. (NYSE: CPNG) is a Korean e-commerce services provider. The company's essential offers include home goods and decor, fashion and beauty products, fresh food and grocery, sporting goods, electronics, restaurant order and delivery, travel and everyday necessities, and other items and services. CPNG operates an e-commerce and logistics system and offers delivery services. Additionally, the corporation sells advertising space on its websites and mobile apps.
Why should Investors Sell?
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
CPNG's stock price has surged 14.99% in the past month and is currently tilted towards the lower end of its 52-week range of USD 16.61 to USD 65.00. We have valued the stock using the EV/Sales multiple-based relative valuation methodology and arrived at a target price of USD 21.02.
Considering the company's escalating losses, fall in gross margins, current valuation, and other technical weaknesses, we recommend a "Sell" rating on the stock at the current price of USD 23.70, up 2.42% as of February 17, 2022, 10:10 AM ET.
CPNG's 1-Year Technical Price Chart. (Source: REFINITIV, Analysis by Kalkine Group)
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.