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ABNB Stock Forecast: Ladder to the Top

October 9, 2023

This ABNB Stock Forecast article was written by Meiru Zhong – Financial Analyst at I Know First.

Airbnb earned revenue of $2.5 billion growing by 18% in Q2 2023 compared to Q2 2022. The net income also grew by 72% to $650 million because of strong guest demand and effective cost management.
In 2022, ABNB had 393.7 million Nights and Experiences Booked increased by 31% compared to the previous year, driven by the growing number of new customers and the number of activities by retained customers.
Travelers have a strong demand for ABNB and tend to stay longer. Hosts also favor the platform identified by the growing number of active listings.
The 2023 Summer Release introduced over 50 new features and upgrades on the platform; a Restructuring plan was executed to adapt the business operation to the volatile market; a Share repurchase program was used to mitigate the share dilution risks and also served as a signal of confidence to the future.
DCF valued ABNB at $142, a 14% upside potential compared to $124.99 on October 5, 2023.