Though Airbnb (NASDAQ: ABNB) shares may have fallen 30% over the past six months, most analysts are growing more bullish on the growth stock recently. Following the company's earnings report last week, three analysts reiterated buy ratings on the stock and increased their 12-month price targets. In addition, one analyst who lowered his 12-month price target for the stock still reaffirmed an outperform rating for shares.
Are analysts onto something? Let's take a look at the vacation rental website's recent business performance and the stock's valuation to see whether this stock may be worth considering investing in.
Image source: Airbnb.
Source Fool.com