Airbnb Inc Ordinary Shares - Class A

ABNB: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$947.00	Ldwjfw	Jjfwryd

Airbnb’s Leading Alternative Accommodation Platform Is Intact and Now Trades at a Discount

Dan Wasiolek

Nov 1, 2022

We think the mid-single-digit drop in narrow-moat Airbnb shares after hours is tied to overblown concern of decelerating sales growth, as demand remains at an extremely high level. In fact, we expect our Airbnb $113 valuation to travel higher by a low-single-digit percentage to account for stronger near-term demand and profitability relative to our forecast, leaving shares trading at a slight discount.

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