Airbnb's (NASDAQ: ABNB) stock has been beaten up by the market since management lowered 2024 guidance earlier this year. However, the company still has a leadership position in travel rentals and the opportunity to grow. Travis Hoium explains why he thinks the stock is cheap in this video.
*Stock prices used were end-of-day prices of Oct. 1, 2024. The video was published on Oct. 3, 2024.
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Travis Hoium has positions in Airbnb. The Motley Fool has positions in and recommends Airbnb and Booking Holdings. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
