Where Will Airbnb Stock Be in 1 Year?
Airbnb's (NASDAQ: ABNB) stock price surged 10% during after-hours trading on Feb. 14 after it posted its fourth-quarter earnings report. The short-term rental platform provider's revenue rose 24% year over year (31% in constant currency terms) to $1.9 billion and beat analysts' estimates by $40 million.
Its net income jumped 480% to $319 million, or $0.48 per share, and easily cleared the consensus forecast by $0.21. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 72% on a constant currency basis to $574 million. That marked Airbnb's most profitable fourth quarter ever, and it posted its first annual profit on a generally accepted accounting principles (GAAP) basis for the full year.
Those numbers were impressive, but Airbnb's stock price remains down nearly 30% over the past 12 months. Could it bounce back by the end of 2023?
Source Fool.com
