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Is Airbnb Still a Growth Stock?

Is Airbnb Still a Growth Stock?

Airbnb (NASDAQ: ABNB) made a dramatic recovery from the pandemic last year, although its stock has reacted inversely; after soaring post its initial public offering (IPO), when the company was posting sales declines, the stock price is now down 32% in 2022 as it continues to demonstrate robust growth. The skyrocketing valuation needed some readjustment, and growth stocks are out of favor in an unstable macro environment. After an enormous rebound, is Airbnb still a growth stock?