no matter where you are, by opening the app you will surely find accommodation.
This simple idea has led Airbnb to have a Market Cap superior to the most important and historic chains in the Hotel sector, such as Hilton , Marriot, or Accor.
The IPO that arrived in December 2020 immediately had a big boost after the first week of trading, as often happens.
Between February and March, we had a , followed by an important descent that ended in May, also accompanied by negative ROI and P / E below expectations, but obviously, data conditioned by what is happening in the world.
After the double low in July, I was expecting the break of the resistance trendline, which then took place on July 30th.
We are facing a possible trend reversal that will have to be confirmed by the breakout of the price level of $ 157.49.
As far as I’m concerned, this is not short-term trading, but a long-term investment.
I believe in the company, in its fundamentals, and in its growth.
Considering the global scenario, with a pandemic not yet completely overcome, for my portfolio, it was time to insert ABNB.
For those interested in medium-term speculation, the levels where to take profit in my opinion are:
– $ 170
– $ 190
– $ 216
A few important statistics as of August 8, 2021:
Short Float: 5.16%
Average analyst target price: $ 173.68
Performance Half Y: -23.20% (last very important figure, considering the potential of the company, let’s always remember the words of Warren Buffett: Try to be greedy when others are scared, and scared when others are greedy).