If you are not a package holiday customer, you have probably already booked accommodation through Airbnb. Airbnb offers travelers a platform for vacation rentals. Through the online portal, private and professional landlords can offer their rooms, apartments, and hotels worldwide. In addition, tourists can also find activities and discoveries put together by landlords on Airbnb. Founded in 2007 in San Francisco, the company has suffered massively under the pandemic in 2020. But now, travelers are back. Does this also apply to you as an investor?

Despite higher revenues, Airbnb suffers losses In the fourth quarter, the company reported a loss of $0.55 per share, compared to a profit of $0.48 a year ago. Analysts had expected earnings per share of $0.55. Revenue for the quarter was $2.22 billion, up from $1.90 billion in the previous year. Analysts had forecasted $2.16 billion.

Growth in overnight stays in the last quarter „After the volatility that affected our business in October, we saw an acceleration in growth in booked overnight stays for the rest of the quarter,“ the company said.

Airbnb: Growth of up to 14% For the first quarter of 2024, the company expects revenue of $2.03 to $2.07 billion, representing growth of 12% to 14% over the previous year.

Warning: Danger of a crash Conclusion: As you can see from the chart above, the stock has performed well this year. Despite some sharp fluctuations, Airbnb continues to move in a solid uptrend. How much potential do analysts still see in the stock? Only 10 out of 43 analysts recommend buying, 27 want to hold, and 6 analysts would reduce or sell their shares. This paints a rather cautious picture. The average analyst price target is only $144, which has already been exceeded. Even the highest, at $185, still offers a lot of potential. However, there are clear warning signs. Some analysts believe that prices around $80 are justified – that would be a crash of -50%.

But the stock is no longer a bargain. The P/E ratio based on the estimated earnings for 2024 is just under 31.