Airbnb: Concerns Mounting

Oct. 06, 2023 2:28 PM ETAirbnb, Inc. (ABNB) StockABNB, RDFN, Z10 Comments

Summary

  • Airbnb, Inc. is facing mounting challenges as some operators in cities like Denver, Austin, and Phoenix appear to be experiencing significant revenue declines.
  • The company's stock has also seen some recent and large insider selling, and Airbnb should be vulnerable in a recessionary environment.
  • The stock has started to trend down heavily over the past month and the analyst community has also gone negative on the company over that time as well.
  • What's next for Airbnb?  An analysis follows below.
  • Looking for a helping hand in the market? Members of The Insiders Forum get exclusive ideas and guidance to navigate any climate. Learn More »

Two female friends enjoying hot drink outside of cabin

aldomurillo/E+ via Getty Images

The impulse to travel is one of the hopeful symptoms of life.” ― Agnes Repplier.

Today, we take a look at a firm that have revolutionized the travel industry as well as had a tremendous impact

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This article was written by

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We are a team of analysts led by Bret Jensen, Chief Investment Strategist at Simplified Asset Management.

We run the investing group The Insiders Forum where we specialize in small and mid-cap stocks that insiders are buying. The Insiders Forum portfolio managed by Bret Jensen consists of 12-25 top stocks in different sectors of the market that are attractively valued and have had some significant and recent insider purchases. Our goal is to outperform the Russell 2000 (the benchmark) over time.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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