Airbnb Inc. ($ABNB) Stock Forecast: Down 9.3% Today

What is Airbnb Inc.?

Airbnb (ABNB) is a well-known online marketplace for lodging, primarily homestays for vacation rentals and tourism activities. The company went public in December 2020 and has since been closely watched by investors.

Why is Airbnb Inc. going down?

ABNB stock is down 9.3% on Nov 8, 2024 20:46

• ABNB stock experienced a bearish movement today.
• The company missed Q3 earnings estimates, reporting lower-than-expected revenue of $3.70 billion, missing the consensus estimate of $3.72 billion.
• Analysts have raised concerns about Airbnb's margins despite a beat in Q3, with some maintaining a Neutral stance on the stock.
• The disappointing earnings report seems to have led to a negative market sentiment, causing the bearish movement in ABNB stock today.

ABNB Price Chart

ABNB Technical Analysis

ABNB News

Airbnb Misses Q3 Earnings Estimates: How Should You Play the Stock?

ABNB's third-quarter 2024 results benefit from continuous improvement in Nights and Experiences Booked and strong demand for its services.

https://www.zacks.com/stock/news/2367712/airbnb-misses-q3-earnings-estimates-how-should-you-play-the-stock

What's Going On With Airbnb Shares Friday? - Airbnb ( NASDAQ:ABNB )

Airbnb, Inc. ABNB shares are moving lower on Friday after the company reported worse-than-expected 2024 third-quarter earnings after the market closed on Thursday. Here's what you need to know.

https://www.benzinga.com/24/11/41851774/whats-going-on-with-airbnb-shares-friday

Airbnb's Margins Under Pressure Despite Q3 Beat, Analysts Caution - Airbnb ( NASDAQ:ABNB )

The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Analyst Thomas Champion maintained a Neutral, while raising the price target from $125 to $145.

https://www.benzinga.com/general/travel/24/11/41850614/airbnbs-margins-under-pressure-despite-q3-beat-analysts-caution

Airbnb, Inc. ( ABNB ) Lags Q3 Earnings Estimates

Airbnb (ABNB) delivered earnings and revenue surprises of -1.84% and 0.26%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2366820/airbnb-inc-abnb-lags-q3-earnings-estimates

Airbnb Stock Down On Q3 Earnings: 'Building On Robust Momentum In September, We Are Off To A Great Start In Q4' - Airbnb ( NASDAQ:ABNB )

Airbnb Inc ABNB reported third-quarter financial results Thursday after the bell. Here's a rundown of the report. Q3 Earnings: Airbnb reported third-quarter revenue of $3.70 billion, missing the consensus estimate of $3.72 billion.

https://www.benzinga.com/news/earnings/24/11/41825994/airbnb-stock-down-on-q3-earnings-building-on-robust-momentum-in-september-we-are-off-to-a-great-sta

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Airbnb Inc. Price History

19.08.2024 - ABNB Stock was up 5.5%

• The rise in ABNB's value could be linked to an increase in options activity, indicating that investors with substantial capital are showing optimism towards the stock.
• Amid a general market decline, ABNB saw an increase, demonstrating resilience and potential investor confidence in the company's future.
• ABNB's stock price saw a slight uptick despite a broader market downturn, implying that investors may see it as a safe bet or a promising investment opportunity given the current market conditions.

17.08.2024 - ABNB Stock was up 5.3%

• Growing options activity implies rising investor confidence in Airbnb's future outlook.
• The recent bullish trend in ABNB may stem from positive sentiment surrounding the company's potential to benefit from the rebound in the travel industry post-pandemic.
• Interest from institutional investors and high-net-worth individuals indicates faith in Airbnb's long-term growth possibilities.
• Today's bullish market movement for ABNB seems to reflect optimism about the company's strategic positioning and recovery in the travel sector.

07.10.2024 - ABNB Stock was up 5.2%

• Airbnb's stock (ABNB) witnessed a substantial upward movement today.
• Forecasts by analysts are being adjusted in anticipation of Airbnb's earnings announcement, indicating an expected decline in quarterly earnings compared to the same period last year.
• While there have been indications of bearish trends in options trading, the general market sentiment in the options market is leaning towards bullish expectations for Airbnb.
• The positive stock movement for Airbnb today is likely a result of the revised earnings forecasts and the optimistic sentiment in the options market. Investors seem hopeful about the company's future prospects, despite short-term market fluctuations.

08.10.2024 - ABNB Stock was down 7.0%

• Following its Q3 earnings report, Airbnb (ABNB) faced a bearish movement as it failed to meet revenue estimates.
• The company's revenue grew by 10% year-over-year, but it fell short of what analysts had predicted, causing a negative reaction in the market.
• While the options market displayed a bullish outlook on Airbnb, the disappointing earnings report likely dampened this sentiment.
• The discrepancy between revenue growth and earnings performance may have prompted concerns about the company's profitability and future growth potential, contributing to the downtrend in the market.

08.10.2024 - ABNB Stock was down 9.3%

• ABNB stock experienced a bearish movement today.
• The company missed Q3 earnings estimates, reporting lower-than-expected revenue of $3.70 billion, missing the consensus estimate of $3.72 billion.
• Analysts have raised concerns about Airbnb's margins despite a beat in Q3, with some maintaining a Neutral stance on the stock.
• The disappointing earnings report seems to have led to a negative market sentiment, causing the bearish movement in ABNB stock today.

08.10.2024 - ABNB Stock was down 6.2%

• Despite Airbnb's revenue increase in the third quarter, its stock faced downward pressure following lower-than-expected earnings.
• Observers are highlighting the challenges to Airbnb's profit margins, influencing the prevailing negative market outlook.
• The recent earnings performance has triggered uncertainties about Airbnb's future trajectory, prompting a bearish outlook from some investors.
• The contrast between revenue growth and earnings shortfall has sparked concerns about Airbnb's profitability outlook for upcoming quarters.

07.07.2024 - ABNB Stock was down 13.3%

• The bearish movement in ABNB stock today can be attributed to the following factors:
• Disappointing second-quarter results and lower-than-expected revenue of $2.75 billion, coupled with a weak revenue forecast of around $3.7 billion, led to a 14% drop in the stock price.
• Concerns over slowing travel demand in the U.S., as highlighted in the earnings report, contributed to investor pessimism.
• Criticism from consumers regarding high cleaning fees, hosts demanding chores from guests, and worries about security cameras might have further dampened investor sentiment.
• The market's reaction to ABNB's performance contrasts with the overall positive trend in US stocks, which saw a rebound following recent losses, indicating specific company-related issues impacting Airbnb's stock performance.

07.07.2024 - ABNB Stock was down 13.4%

• Airbnb's stock experienced a significant bearish movement today following the release of downbeat second-quarter earnings, which fell short of expectations.
• The travel industry as a whole is facing challenges and grim forecasts, with concerns about Americans showing less interest in short-term rentals, impacting Airbnb's performance.
• Analysts have cut their forecasts for Airbnb's future growth, reflecting a cautious outlook on the company's prospects.
• The market's reaction to Airbnb's earnings highlights the sensitivity of the travel sector to changing consumer behaviors and economic conditions, leading to a sharp decline in the stock price.

07.07.2024 - ABNB Stock was down 11.7%

• ABNB stock experienced a significant bearish movement, dropping over 14%, following its second-quarter earnings report and weak forecast for the future.
• The main factors contributing to this decline include a warning about slowing U.S. demand and softness in long booking lead times, signaling potential challenges in the travel industry.
• Analysts have slashed their forecasts on Airbnb after the weak Q2 earnings, further dampening investor sentiment and contributing to the stock's sharp decline.
• The combination of lower-than-expected earnings, cautious guidance for the upcoming quarters, and concerns about travel demand all played a role in the bearish market movement of ABNB.

07.07.2024 - ABNB Stock was down 14.8%

• Airbnb's stock experienced a significant bearish movement today, dropping by as much as 14%.
• The drop was triggered by the company's second-quarter earnings report, which revealed missed bookings and revenue guidance below Wall Street's expectations.
• Concerns were raised by analysts over slowing demand from U.S. guests and increasing marketing costs, leading to a pessimistic outlook on the stock.
• The combination of weaker performance metrics and cautious guidance contributed to the record plunge in Airbnb's stock price, highlighting the challenges the company faces in a competitive market environment.

07.07.2024 - ABNB Stock was down 15.1%

• Airbnb stock experienced a record plunge after reporting earnings, attributing the drop to slowing demand in the US and increased marketing costs.
• Analysts expressed concerns about the combination of rising marketing spend and softening demand, which led to a sharp decline in the stock price.
• The disappointing outlook and warning of slowing demand from US vacationers contributed to the biggest intraday drop since its 2020 listing.
• Despite a slew of stronger-than-expected earnings reports in the overall market, Airbnb's performance stood out negatively due to its challenging Q2 results and grim Q3 outlook.

07.07.2024 - ABNB Stock was down 15.3%

• Airbnb stock experienced a significant 15% drop, marking its largest intraday decline since its 2020 listing, following disappointing Q2 results and a grim Q3 outlook.
• The weak US sales impacting Q2 profit and the warning of slowing demand from US vacationers contributed to the bearish movement in ABNB stock.
• Analysts have cut their forecasts for Airbnb after the downbeat second-quarter earnings, further adding to the negative sentiment surrounding the stock.
• The overall market sentiment towards Airbnb was bearish, as indicated by the substantial price drop and the company's revenue forecast falling short of Wall Street expectations.