The initial enthusiasm around Airbnb’s (ABNB) recently released impressive second quarter performance was quickly watered down when the company warned about the repercussions of the Delta variant of the coronavirus. The company, in line with its peers, expressed concerns that the impending third wave of the pandemic is highly likely to cause travel jitters. This is evidently expected to result in a sequential decline in Airbnb’s Nights and Experiences Booked and gross booking value (GBV) in the third quarter of this year. (See Airbnb stock charts on TipRanks) Nonetheless, Needham analysts led by Bernie McTernan remained bullish on the company’s prospects, reinforcing a Buy rating.
https://www.tipranks.com/news/article/should-airbnb-investors-climb-the-wall-of-worry?utm_source=advfn.com&utm_medium=referral
Airbnb (NASDAQ:ABNB)
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