Why Airbnb Stock’s Rally Isn’t Justified
- Monday, February 15, 2021, 7:15
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Airbnb (NASDAQ: ABNB) stock has rallied by almost 55% since the beginning of 2021 and currently trades at levels of about $216 per share. The stock is up a solid 3x since its IPO in early December 2020. We don’t think Airbnb’s current valuation is justified.