Where Will Airbnb Stock Be in 5 Years?

Buying an unprofitable growth stock is always taking a chance. That's why the rewards are often fantastic, especially when the company begins to post profits.

It didn't quite work out this way for travel giant Airbnb (NASDAQ: ABNB), whose stock shot up amid great fanfare when it went public, only to fall in the bear market even as it was growing its profits. There wasn't much opportunity to buy in before the stock skyrocketed. But now that it's still 33% off its previous highs, investors have a renewed chance to buy it again at a more reasonable price. But should you? Let's see where it could be in five years and what investors should expect going forward.

Let's face it: Airbnb changed many lives as it disrupted the travel industry. I remember the frustration of trying to find a vacation rental in a city with expensive hotels, calling friends and checking out myriad individual websites. As I write this article, I'm in the middle of booking a rental for a vacation this summer, and it couldn't have been easier.

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Source Fool.com