Airbnb (NASDAQ: ABNB) hasn't quite panned out as early investors might have hoped. After its initial public offering in December 2020, the stock quickly soared 50% over the next two months. But it has mainly been a downward trajectory since that all-time high price in February 2021.

Even though shares are up roughly 50% in 2023, benefiting from the broader market's rally, they remain well off their peak (as of June 28), Should investors buy this beaten-down growth stock now? Here are three compelling reasons why it might be a good idea.  

Warren Buffett, the CEO of Berkshire Hathaway who many consider to be the greatest investor ever, says that a top trait to look for before buying shares of a business is the presence of an economic moat. This is a key attribute that allows the company to keep rivals at bay. And it can help lead to strong financial results (more on this later). 

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Source Fool.com