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Airbnb Crashed 50% in 2022. Here's Why It Could Rally This Year.

TheMotleyFool

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Airbnb Crashed 50% in 2022. Here's Why It Could Rally This Year.: https://g.foolcdn.com/editorial/images/714948/a-group-of-business-people-talking-outside.jpg

Airbnb (NASDAQ: ABNB) could be an underrated buy this year. Although the stock is coming off a disastrous 2022, during which its value crashed by close to 50%, I'm optimistic that things can turn around for it this year.

The company's online booking platform has become a staple for travelers looking to get the most bang for their buck and find unique places to stay. With sound financials and return to normalcy well underway, it wouldn't be surprising if the stock were to turn the tide and outperform the market this year.

Here's a closer look at why Airbnb's stock might be ready for a comeback in 2023.

Source Fool.com

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