Airbnb (NASDAQ: ABNB) stock is back in Wall Street's good graces. After underperforming the market in 2022, the booking platform's shares jumped over 30% higher in 2023 through late March.
A quick rally like that might convince many investors to look elsewhere to find an attractive growth stock. Many tech peers are down in 2023, after all. But there are a few good reasons to like Airbnb stock right now, and one major reason for caution. Let's take a closer look.
Airbnb's platform could have many years of strong growth ahead as more hosts move onto the platform and more people book rooms, homes, and apartments for short-term -- and sometimes long-term -- stays. But Airbnb's short-term momentum is solid, too.
Source Fool.com