Airbnb, Inc. is a company that runs an online platform where people can find and book spaces for various purposes. The company connects hosts who have spaces to offer, and guests who are looking for spaces online or through mobile devices. Airbnb, Inc. was founded in 2007 by Brian Chesky, Nathan Blecharczyk, and Joseph Gebbia and is based in San Francisco, CA.
The ABNB stock has a CMP of $119.47 and an intraday surge of 1.00%. The ABNB stock’s average volume for the last 10 days is 5.413 Million and its current volume is 9.337 million shares and a market cap of $77.331 Billion.
Moreover, ABNB stock did not perform well this month as it fell by 12.51% and by 34.64% in the past six months. However, the year-to-date return of ABNB price is positive with a 36.72% incline.
Airbnb Earnings Report
The latest quarterly earnings report for the period ending September 2023, reported an $EPS of $6.63. This reported EPS surpassed the analysts’ estimate of $2.115.
Airbnb reported a revenue of $3.397 Billion, which surpassed analysts’ estimate of $3.371 Billion by 0.77%.
Next quarter’s revenue is estimated to be $2.181 Billion with an estimated EPS of $0.643. The report will be released on February 13th, 2024.
Price Prediction of Airbnb For 2023
The ABNB price expanded upwards from the low of $81 to $154 by July 2023. However, the price faced resistance at the higher levels and started forming lower lows. The chart also highlights that the investors booked profits from the quarterly results of the June 2023 period. This profit booking led the stock downwards and broke out of the trendline.
Moreover, the earnings results of the September 2023 period just passed recently on November 1st, 2023. The earnings report is expected to showcase the strong price movement. Since big movement is yet to be shown on the chart, there is a higher probability that the price might show the movement soon in the upcoming sessions.
If the price continues to fail the current level supports, it may fall to $115 and $100, respectively. However, if it goes up, the price might reach its upper levels – $130 and $140.
Furthermore, the EMA showed that earlier in September, the stock price was above all the major EMAs. But, the profit booking in the stock pushed the price downwards and the price went below all those EMAs. At press time, the price action highlights bearishness.
By the end of 2023, if buyers accumulate heavily and the price manages to climb the trendline again, the price could go up to $177, while the average price might be around $145, the lowest price could be $116.
Price Prediction of Airbnb From 2023-2025
Price Prediction of Airbnb on Charts For 2024
If the price achieves a high of $177 in the year 2023, the next potential high could be $211 with a potential ROI of 19.21%. As per our prospects, the average high could be $181 and the achievable low could be $146.
Price Prediction of Airbnb on Charts For 2025
Moreover, if the price successfully proclaims a high of $211 in the year 2024, then the next approach could be the target of $271 with a potential ROI of 53.11%. Analysis shows that the probable average high is $241 and the potential low is $211.
Will Airbnb Price Reach $270 by the End of 2025?
Airbnb could achieve the $270 milestone by the end of 2025, based on past price action and current market trends. Airbnb stock has the potential to grow in the future, as in the last two years, its operating cash flow, revenue, net income, profit margin, and overall balance sheet are showing improvement.
Summary
The reported revenue and EPS surpassed the analysts’ estimate in the last quarterly report. The price action suggests that momentum is building up, however, the direction is not clear. If the price manages to reach a high of $177 before the end of 2023 and investors stay invested up to 2025, then the possible ROI would be 53.11%.
Technical Levels
Support Levels: $115 and $100
Resistance Levels: $130 and $140
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/11/03/airbnb-price-prediction-2023-2025-can-abnb-stock-reach-270/