Should Investors Buy or Sell Airbnb Stock in 2023?
Airbnb (NASDAQ: ABNB) was one of the hottest IPOs in the 2020 to 2021 bull market bonanza. Its valuation roared past $100 billion following its public debut in late 2020 as investors couldn't wait to get their hands on newly minted shares of the famous Silicon Valley start-up.
But now, two years later, the company has sunk along with the rest of the technology sector with shares down 46% year to date. Investors are pessimistic about its growth potential with weakening work-from-anywhere tailwinds and a slumping housing market.
However, for long-term investors, this short-term pessimism could provide a buying opportunity. Should you buy or sell Airbnb in 2023? Let's take a look.
Source Fool.com