Airbnb Inc Ordinary Shares - Class A

ABNB: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$399.00	Rlnrb	Tsnggqfvr

Airbnb’s Demand Showing Signs of Moderating From High Levels; Shares Appropriately Valued

Dan Wasiolek

Aug 3, 2022

Narrow-moat Airbnb shares traveled lower by about 10% after hours as signs of near-term peak demand emerged. We plan to lower our $116 valuation on Airbnb by a mid-single-digit percentage, leaving shares appropriately valued.

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