Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Should Investors Buy or Sell Airbnb Stock in 2023?

TheMotleyFool

0 0

Should Investors Buy or Sell Airbnb Stock in 2023?: https://g.foolcdn.com/editorial/images/713114/apartment.jpg

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

Like: 0

ABNB

Share