Where Will Airbnb Stock Be in 1 Year?
Airbnb (NASDAQ: ABNB) investors had a difficult 2022. Despite a complete rebound for its bookings business, shares fell nearly 50% through late December on fears of an impending slowdown ahead. Wall Street is concerned that a recession could seriously dent demand for vacation and business travel.
Airbnb isn't showing any signs of that slump yet, and in fact it recently booked its best quarter yet for sales and net income. So, let's take a look at the company's prospects for posting a much better 2023 when it comes to shareholder returns.
There is an unusually wide range of potential growth outcomes ahead for the business in the next year. On the bright side, Airbnb could post strong sales gains consistent with its past few quarters if the economy doesn't slow down sharply.
Source Fool.com