Airbnb stock has gained about 16% in October: here’s where to buy the stock

Pinterest LinkedIn Tumblr

Airbnb stock (NASDAQ:ABNB), has been on the rise since September 23 and has maintained the surge throughout October. It has gained 15.91% since September 23, 2022.

The company’s stock has maintained a steady rise despite an outcry among landlords that Airbnb bookings have decreased in the past three to four months.

To help stock investors interested in investing in Airbnb, Invezz has created a brief article on where to buy its stock.

To find out more, please continue reading.

Best places to trade Airbnb stock


eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.

Register with eToro instantly

IG Markets

The world-leading online trading and investments provider giving clients access to opportunities across thousands of financial markets through our intuitive platforms and apps.

Register with IG Markets instantly

What is Airbnb?

Airbnb, Inc., is an American-based company that operates an online marketplace focused on short-term homestays and experiences. It is headquartered in San Francisco, California. It was founded in 2008.

The company acts as a broker between landlords and people looking for short-term house stays. It charges a commission for each booking.

AirBnb, Inc. is a publicly traded company and it is listed on the NASDAQ stock exchange, which in September announced it will start offering crypto custody via a new Digital Assets unit. Airbnb is listed under the symbol NASDAQ: ABNB.

Should I buy Airbnb stock today?

If you are wondering whether to invest in Airbnb, now could be a good time going by the sustained gains that its stock made in October.

However, there has been an outcry from Airbnb landlords of bookings having dropped for the last three to four months. Some landlords have registered as low as 0% bookings.

Airbnb stock price prediction

Despite the ongoing outcry about decreased bookings among Airbnb landlords, analysts expect the ABNB stock to continue gaining for the remaining part of October.

All eyes are on a short-term price target of $120 as the stock sets course to reclaim its April 2022 highs above $160 as we move from the pandemic era. Richard Clarke, the Managing Director at Bernstein, sees a 35% upside to $143 on the ABNB stock.

Airbnb social media trends

Airbnb landlords are like “how come no one wants to book my house??” maybe it’s bc you evicted a family of 4, converted their home into a shoddy duplex, filled it with clearance bin TJ Maxx decor, and charge guests $200 for a cleaning fee, all bc you don’t feel like getting a job

— xanax in a cinnabon (ali) (@xanabon) October 17, 2022

airbnb is such an archetypal little slice of capitalism. they could’ve stayed private and remained an affordable alternative to hotels, but instead they created an experience that’s overpriced and increasingly miserable for everyone but a handful of rentiers

— Law Boy, Esq. (@The_Law_Boy) October 17, 2022

The post Airbnb stock has gained about 16% in October: here’s where to buy the stock appeared first on Invezz.