Why Airbnb Stock Jumped 50% in the First Half of the Year
Shares of Airbnb (NASDAQ: ABNB) were among the winners in the first half of the year as the home-sharing leader benefited from strong quarterly results, a continued recovery in the travel industry, and a bullish first half for tech stocks.
According to data from S&P Global Market Intelligence, the stock gained 50% through June this year.
As you can see from the chart below, the stock raced out to quick gains to start the year before cooling off and trading mostly sideways for the remainder of the first six months.
Source Fool.com
travel BV ADR Stock
€0.56
-6.670%
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Based on the current price of 0.56 € the target price of 3 € shows a potential of 439.57% for travel BV ADR which would more than double the current price.
