Airbnb Inc (ABNB) Stock Price & News - Google Finance (2024)

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Airbnb Inc (ABNB) Stock Price & News - Google Finance? ›

Airbnb, Inc. - Buy. Zacks' proprietary data indicates that Airbnb, Inc. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the ABNB shares relative to the market in the next few months.

Airbnb, Inc. - Buy. Zacks' proprietary data indicates that Airbnb, Inc. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the ABNB shares relative to the market in the next few months.

ABNB Stock 12 Month Forecast

Based on 31 Wall Street analysts offering 12 month price targets for Airbnb in the last 3 months. The average price target is $149.86 with a high forecast of $200.00 and a low forecast of $103.00. The average price target represents a -5.49% change from the last price of $158.57.

As of 2024-05-03, the Intrinsic Value of Airbnb Inc (ABNB) is 55.28 USD. This ABNB valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 159.71 USD, the upside of Airbnb Inc is -65.4%. The range of the Intrinsic Value is 42.03 - 87.45 USD.

Airbnb stock price stood at $162.25

According to the latest long-term forecast, Airbnb price will hit $200 by the end of 2024 and then $250 by the end of 2025. Airbnb will rise to $300 within the year of 2027, $350 in 2028, $400 in 2029, $450 in 2032 and $500 in 2034.

Airbnb investors (hosts) tend to use the company because of the high return on investments (ROI), low risks and flexibility. Typically speaking, Airbnb makes it easy for hosts to make a solid income with very little experience and upfront costs compared to traditional, long-term investment properties.

Yet Airbnb, which launched in 2008, is also making more money than ever. Bookings reached an all-time high earlier this year, and the company raked in almost $2 billion in profits in 2022, marking its first full profitable year. Airbnb's stock price is also up dramatically from where it was at the end of last year.

Airbnb's 2024 strategy is officially the same as 2023: More hosts, better core product, expand beyond the core. Yet, after several years focusing on the first two strategic pillars, it looks like 2024 will see Airbnb start expanding its wings further away from short stays and travel.

Largest shareholders include Vanguard Group Inc, BlackRock Inc., Fmr Llc, AGTHX - GROWTH FUND OF AMERICA Class A, Capital World Investors, State Street Corp, Edgewood Management Llc, Capital Research Global Investors, Morgan Stanley, and VTSMX - Vanguard Total Stock Market Index Fund Investor Shares . Airbnb, Inc.

Airbnb (ABNB) Ownership Overview

The ownership structure of Airbnb (ABNB) stock is a mix of institutional, retail and individual investors. Approximately 48.36% of the company's stock is owned by Institutional Investors, 3.97% is owned by Insiders and 47.67% is owned by Public Companies and Individual Investors.

Is Airbnb profitable right now? ›

Becoming an Airbnb host is most definitely profitable given the industry growth rate. A 2021 study estimated that there are over 2.58 million rental properties in the United States that are seasonally occupied.

Airbnb has generated over $9 billion in free cash flow since going public in late 2020. The short-term rental platform has over $8 billion in net cash on its balance sheet. Management expects revenue to increase 12% to 14% year over year in Q1 2024.

With a current price that marks Airbnb as undervalued, riding a solid growth trend, this stock might be a buy for investors looking to see returns long-term.