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Airbnb, Inc.
ABNB Details
Airbnb, Inc. (NASDAQ: ABNB) is a platform that connects hosts and guests to rent places and activities online or through mobile devices. It walks hosts through the listing process and gives them a set of tools to help them manage their listings, such as scheduling, merchandising, integrated payments, community assistance, host protections, price guidance, and review comments. It now has 4 million hosts who have welcomed over 1 billion visitors to over 100,000 cities in almost every country and region globally.
9MFY21 Results:
Key Risks:
Outlook:
Valuation Methodology: EV/EBITDA Multiple Based Relative Valuation
(Analysis by Kalkine Group)
ABNB Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
ABNB's stock price has fallen 18.76% in the past nine months and is currently leaning towards the lower band of its 52-week range of USD 129.71 to USD 219.94. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 33.22, approaching the oversold zone. We have valued the stock using the EV/EBITDA-based relative valuation methodology and arrived at a target price of USD 171.96.
Considering the correction in the stock price in the past nine months, robust margins, proven track record, growth in GBV, strong balance sheet, current valuation, and associated risks, we recommend a "Buy" rating on the stock at the closing price of USD 144.56, down 2.26% as of January 25, 2022.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.
* Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached.