Airbnb's Resilience Just Showed Why the Stock Is a Screaming Buy
Airbnb (NASDAQ: ABNB) wasn't supposed to thrive in an economic downturn, and yet it has. Despite what many predicted would be a down year for Airbnb (due to less discretionary spending thanks to inflation), it bucked the trend. This kind of resilience is what I look for in an investment since I don't want a company in my portfolio that is going to struggle during a recession.
Despite this strength, Airbnb's stock is quite cheap, and I think investors will be well-rewarded by taking a position now and holding on to it for many years.
Airbnb is a leader in alternate stays and experiences, and it showed its strength in the third quarter, with its "nights and experiences booked" segment rising 14%. Furthermore, all regions showed accelerating growth, indicating that Airbnb is still gaining market share on traditional hotels.
Source Fool.com
