This Stock Will Skyrocket 58%, According to Wall Street. Why I Believe It Could Grow Even More.
Airbnb (NASDAQ: ABNB) may have done more to change the way we travel than any other company this century, but that hasn't made the stock a winner.
It went public back in December 2020 and peaked shortly after that as the mania around growth stocks subsided. Airbnb stock is now down 46% from its peak in early 2021, but Wall Street doesn't expect it to stay there. In fact, one analyst, Tigress Financial's Ivan Feinseth, sees the stock reaching $185 a share, or a 58% gain from its current levels.
Feinseth raised his price target on Airbnb from $160 to $185 in March, arguing that the company is leading the shift in travel toward alternative accommodations like home-sharing, longer stays, and new services like experiences.
Source Fool.com