we see an opportunity for investors to buy Airbnb at the bottom. In this video we go a step further and try and explain why.
While the company's long-term prospects remain strong, short-term headwinds are likely to keep its stock price under pressure. As the travel industry gradually normalizes post-COVID, we anticipate minimal demand erosion for alternative accommodations from ABNB's existing customer base. However, the company's share growth in urban markets continues to lag behind its gains in non-urban regions in recent years, presenting a potential growth opportunity moving forward. In the near term, I anticipate AirBNB's share price will continue its pullback to around USD 100. However, over the longer term, the company is expected to remain resilient, with an initial price target of USD 170 and a longer-term target of USD 220.88.
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