What happened Shares of Airbnb (NASDAQ: ABNB) rose by as much as 4.8% Tuesday as the broader market got off to a strong morning start. Some investors may have also been paying attention to comments from Truist Securities analysts highlighting that hybrid work could add $54 billion in bookings for travel companies like Airbnb.
Recently, Zacks.com users have been paying close attention to Airbnb, Inc. (ABNB). This makes it worthwhile to examine what the stock has in store.
The bear market in tech stocks has changed perceptions on many levels, especially concerning valuations. Stockholders who routinely tolerated P/E ratios above 100 last year have sold off their more expensive stocks.