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Could Beaten-Down Airbnb Stock Go Up Over 180% in 4 Years?

TheMotleyFool

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Could Beaten-Down Airbnb Stock Go Up Over 180% in 4 Years?: https://g.foolcdn.com/editorial/images/691515/airbnb-travelers-greet-host.jpg

Share prices of travel-booking platform Airbnb (NASDAQ: ABNB) are down more than 50% from their all-time high, reached over one year ago.

Certain institutional investors expect Airbnb to turn things around over the next four years. Specifically, this "smart money" believes Airbnb stock can surpass $288.64 per share, representing more than 180% upside from where it trades right now. But here's why smart money might be wrong.

On March 2, 2021, Airbnb announced it was looking to raise $2 billion. Two days later, it priced convertible senior notes at a 0% interest rate with a conversion price of $288.64 per share.

Source Fool.com

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