Is Airbnb a Buy Now?
Sometimes beating expectations is not enough to wow investors. Consider the case of Airbnb (NASDAQ: ABNB), which just reported revenue of $2.5 billion for the three-month period ended June 30 and diluted earnings per share of $0.98. Both results were up double digits over the prior-year period and exceeded Wall Street estimates.
Yet, shares of the vacation rental site slid more than 5% immediately following the announcement. Of course, that's after skyrocketing 66% since the start of 2023. So should investors buy Airbnb shares right now? Let's take a closer look at these latest financial results and try to draw some conclusions about this travel stock.
Nights and experiences booked, a key performance indicator to understand the health of Airbnb's business, totaled 115.1 million last quarter, up 11% over Q2 2022. That's a massive sum, to be fair, but it was lower than analysts' expectations. And gross booking value (GBV), the dollar amount of all the bookings during the period, increased 13% to $19.1 billion.
Source Fool.com
travel BV ADR Stock
The community is currently still undecided about travel BV ADR with 2 Buy predictions and 0 Sell predictions.
Based on the current price of 0.56 € the target price of 3 € shows a potential of 439.57% for travel BV ADR which would more than double the current price.
