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Airbnb's Stock Has Risen 70% in 2023 So Far. Here's Why.

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Airbnb's Stock Has Risen 70% in 2023 So Far. Here's Why.: https://g.foolcdn.com/editorial/images/747230/couple-sitting-on-dock-watching-sunset-sunrise-horizon.jpg

Airbnb's (NASDAQ: ABNB) stock is on fire lately. The stock price has risen 70% year to date due to a strong recovery of Airbnb's business performance.

But before rushing into buying the stock, investors should know why the stock has performed well in the last few quarters. Only then can you make an educated guess -- based on business fundamentals -- whether the stock might continue its upward trajectory.

Image source: Getty Images.

Source Fool.com

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