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Airbnb Is Down 41% From Its High. Time to Buy?

TheMotleyFool

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Airbnb Is Down 41% From Its High. Time to Buy?: https://g.foolcdn.com/editorial/images/723524/two-people-walking-on-a-path-leading-from-a-town.jpg

Airbnb (NASDAQ: ABNB) is a bona fide travel stock superstar thus far in 2023. It's not only trouncing the performance of the S&P 500 index but also sailing past fellow travel titans Expedia and Booking Holdings.

So it might be surprising to learn that Airbnb is down considerably from its all-time high share price by a steep 41%. It really has quite a climb to reach the summit again. Can the do-it-yourself (DIY) accommodation king make it back?

I think so, and I believe it even has a fine chance to set new records. Here's why.

Source Fool.com

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