Any insights from employees for Airbnb stock. Is it a good time to join if someone gets a offer?
Offer details?
Overvalued but solid business so market might uphold its valuation
If you’re focused on the stock price, I do think there’s more room for it to go up. Our valuation right now is ~107B. It’s not a low market cap, but I can see us at $150B in a year or so. We just had the best year in company history and travel hasn’t fully opened yet. If remote work continues to be a theme, you’ll see more people traveling domestically and internationally using us. Something that separates us from most high growth companies is that we’re profitable. Company is doing well. I don’t think we’re overvalued and if we were, I think the market would have crushed our stock similar to companies like Snap
You just saw a bear market when every growth stock dropped in value, Airbnb maintained it. It is profitable after all expenses but to justify the valuation it will take some reopening and a bit of time.
True, and I think we have more room to grow after reopening. Not sure if we’ll ever hit $200B any time soon, maybe 5ish years, but I don’t think $150B is unreasonable in 1+ years.
ABNB will reach 250 ez. Ezpz
~20x P/S, despite growth speed, of course overvalued