- Shares of Airbnb (NASDAQ:ABNB) rebounded substantially after 1pm when a Motley Fool pitch was reportedly released.
- The case made for the stock is that the business will "bounce back strongly" this year and beyond, according to a person familiar with it. The shares gained 11%.
- The theory is also being circulated on Twitter.
- It would be somewhat surprising to make a major call on Airbnb on the argument that that Airbnb's business will rebound after the end of the pandemic, because that viewpoint is already universally accepted by investors. Nonetheless, if Motley Fool is aggressively touting the stock, that could certainly cause the price to rise.
- Recall Jan. 4, Airbnb rose as sell-side coverage began.
- Airbnb priced its IPO at $68. Airbnb (ABNB) is now trading at 2.7x that price, leading one investor to prefer a similar stock trading at a far more attractive valuation.