1 Stock Crushed by the Bear Market That's a Buy Before the End of 2022
The bear market has swept up good and bad companies alike, and Airbnb (NASDAQ: ABNB) has been no exception. The short-term rental website has seen its shares slump more than 45% over the trailing 12 months as investors worry about a pullback in travel.
But as the end of 2022 draws near, investors would do well to take a closer look at the company. Smart management decisions and a resilience to macroeconomic conditions make Airbnb a buy while it's still available at a discount.
Given the geopolitical and macroeconomic headwinds, many consumer-facing businesses have cited softening spending to explain their disappointing results. Airbnb has seen success in spite of those challenges. Revenue for the third quarter of 2022 was the highest it's ever been at $2.9 billion, which was a 29% year-over-year increase. This was on top of 67% revenue growth in the third quarter of 2021.
Source Fool.com
