Airbnb (NASDAQ: ABNB) shares have trounced the market so far in 2023. They rocketed up by nearly 40% in January, in part thanks to a general spike in optimism on Wall Street about the economy -- and there's likely more room to run for this promising growth story.
Let's look at a few reasons why it's not too late to buy Airbnb stock, assuming you aren't averse to some potential risk and volatility as well.
Airbnb's operating momentum has been positive through 2022. Despite pressures like the return of workers to offices and an economic growth slowdown, revenue was up a blazing 36% in the third quarter. The short-term lodging service booked 25% higher volumes, and hosts were able to raise rates as well.
Source Fool.com