Airbnb stock has dazzled investors since its Nasdaq debut in December last year. From its initial public offering price of $68 per share, ABNB stock has soared as much as 223%.
Airbnb, Inc. (ABNB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Airbnb (NASDAQ: ABNB) operates a platform that connects people looking to travel with hosts offering a place to stay. The world and Airbnb recently got another bout of bad news regarding the coronavirus pandemic. In response, several countries started increasing travel restrictions from South Africa.