Airbnb Inc Ordinary Shares - Class A

ABNB: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Airbnb: Upgrading Moat Rating to Wide on Robust Network and AI Position

Dan Wasiolek

Mar 11, 2025

We have upgraded our moat rating for Airbnb to wide from narrow, driven by a strengthening network advantage and our view that the company is well positioned for artificial intelligence. As a result, we have increased our fair value estimate to $157 per share from $140. We see the shares as undervalued.

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Airbnb Inc Ordinary Shares - Class A

Airbnb: Upgrading Moat Rating to Wide on Robust Network and AI Position

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