Will Airbnb Be a Trillion-Dollar Stock by 2035?
Airbnb (NASDAQ: ABNB) stock shot higher after the company announced results for the fourth quarter and all of 2022. Both revenue and earnings handily exceeded analyst estimates. Investors have taken a keen interest in the stock since its 2020 initial public offering (IPO) as the company helps to transform the vacation rental industry.
A question worth asking now is how much the company can potentially grow from here. Could its market capitalization reach $1 trillion, and if so, can that happen by 2035? Let's take a closer look at what that would take.
Airbnb's market stands at $77 billion as of this writing. To reach $1 trillion by 2035, its market capitalization would have to grow at a compound annual growth rate of 24%.
Source Fool.com
