Airbnb: Is the Startling Selloff a Golden Buying Opportunity?
Recent economic data contains mixed messages, causing turbulence in the markets. Much of this centers on the health of the American consumer, who drives the U.S. economy.
First, the unemployment rate increased from 4.1% in June to 4.3% in July, causing many prognosticators to discuss a potential recession. The market dipped as a result. Next, data came out that unemployment claims actually fell, indicating a more resilient jobs market.
As a result of concerns over consumer spending and some modest results, Airbnb (NASDAQ: ABNB) joined retail stocks like , Ulta Beauty, Starbucks, and even Tesla as Wall Street sold off the stock heavily.
Source Fool.com
Target Corp. Stock
€143.30
0.340%
The stock is one of the favorites of our community with 40 Buy predictions and 1 Sell predictions.
As a result the target price of 172 € shows a positive potential of 20.03% compared to the current price of 143.3 € for Target Corp..
