ABNB Inc. Share Price Forecast September 2021 – Time to Buy ABNB Stock?
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Like many of the top gainers of yesterday, Airbnb is looking to gain more strength in the days to come before its next earnings release. It has quickly recovered the loss suffering during the pandemic situation and is now one of the smartest shares to buy to reduce market volatility. The company which aims to reimagine international tourism by offering unique and comfortable homestays around the globe is showing signs of a positive trend these days. The company recently made its investors nervous but things are looking much better now.
Airbnb, Inc – Technical Analysis
ABNB shares are looking great for a regular investment type strategy where people have the chance to sense trouble before it actually has any impact on their capital. The 2007-founded company is headquartered in San Francisco, California. Its total market capitalisation reached $106.4 billion today as the price of ABNB inches closer to $170.2 with a consistent 4.73% uptick. The enterprise value is just above $88.68 billion with a total outstanding share worth $619.4 million. The total debt held by Airbnb as of now is around $2.44 billion. Last year it recorded a gross profit of $832.6 million. The total revenue generated was close to $3.37 billion.
A closer look into the technical analysis reveals that ABNB shares are in the buy zone for investors who are looking for an uptrend condition. You could be waiting for the next best price for accumulation but according to the most reliable technical indicators. Oscillators and moving averages like Relative Strength Index (62.55), MACD (4.44), EMA (164.45), and SMA (165.08) are indicating a strong buy price action for ABNB shares.
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The company has gained 17.88% during the last month and came out as one of the top shares that managed to outpace the computer and technology sector. This year, experts are predicting a $5.7 billion project earnings to be announced during the next earnings report. With this in mind, Airbnb could be a profitable opportunity in the making.
During a recent interview, the CEO of Airbnb Brian Chesky stated that they had to rebuild their business from the ground up when the pandemic was rampant. The enterprise went against naysayers who thought that Airbnb would not be able to survive. But Airbnb merged business and leisure together to make remote working comfortably. Airbnb also went ahead to provide housing and shelter to 20,000 Afghan refugees who escaped the grip of Taliban-controlled Afghanistan recently.
Market specialists like Jim Cramer have commended companies like Airbnb for handling the pandemic situation like a pro. When the market looks like it’s going to have a hard time, the investors must create their own shopping list. Airbnb shares look like they are prepared to capitalize when travel resumes all over the world.
Should You Buy ABNB Shares?
Things seem more encouraging for Airbnb investors based on the above-mentioned statistics right now. That is probably the reason why professional investors and other market participants have included ABNB shares in their portfolios.
It is one of those companies that did not sit and wait during COVID time and made good use of their expertise, resources, and capabilities to build a stronger platform and shared consistent results despite the negative forecasts. Airbnb is one of the most promising investment opportunities that are sure to reach new heights with time.
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