Down 41%, Should You Buy This Beaten-Down Growth Stock?
Airbnb (NASDAQ: ABNB) hasn't quite panned out as early investors might have hoped. After its initial public offering in December 2020, the stock quickly soared 50% over the next two months. But it has mainly been a downward trajectory since that all-time high price in February 2021.
Even though shares are up roughly 50% in 2023, benefiting from the broader market's rally, they remain well off their peak (as of June 28), Should investors buy this beaten-down growth stock now? Here are three compelling reasons why it might be a good idea.
Warren Buffett, the CEO of Berkshire Hathaway who many consider to be the greatest investor ever, says that a top trait to look for before buying shares of a business is the presence of an economic moat. This is a key attribute that allows the company to keep rivals at bay. And it can help lead to strong financial results (more on this later).
Source Fool.com
Berkshire Hathaway Inc. A Stock
Our community is currently high on Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
With a target price of 650000 € there is a slightly positive potential of 7.97% for Berkshire Hathaway Inc. A compared to the current price of 602000.0 €.
