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The investor love affair with Palantir Technologies (PLTR 1.60%) may be ending. Its stock has quickly fallen 17% from all-time highs but still trades at a blistering price-to-sales ratio (P/S) of 112 with a market cap of $385 billion, making the stock wildly overvalued.
Airbnb (ABNB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Berkshire Hathaway initiated new positions in UnitedHealth, Nucor, and D.R. Horton, while reducing stakes in Apple and Bank of America.
Airbnb Inc. has introduced a “Reserve Now, Pay Later” feature for U.S. customers, allowing travelers to book certain domestic stays without making an upfront payment. The program, available on listings with moderate or flexible cancellation policies, lets guests delay full payment until shortly before the property's free cancellation window closes.
CHESAPEAKE, Va. & SAN MATEO, Calif.--(BUSINESS WIRE)--ABNB Federal Credit Union Selects Upstart for Personal Loans.
Airbnb (NASDAQ: ABNB) has decreased by approximately 11% over the past month—despite having an impressive Q2. Revenue increased by 13% year-over-year to $3.1 billion, surpassing the $3.03 billion consensus, with an EPS of $1.03 exceeding expectations of $0.94.
Airbnb Inc. NASDAQ: ABNB stock is down 9.1% the day after the company's second-quarter earnings report. The company beat on the top and bottom lines with earnings per share (EPS) of $1.03 and revenue of $3.10 billion.
Initiated a new position in Airbnb, citing strong brand, direct traffic, unique marketplace, and long-term growth opportunities across alternative accommodations and new services. Acquired BXP for its blue-chip office portfolio, favorable supply-demand dynamics, and expectations of earnings growth as office fundamentals improve in key markets. Added to Equinix, accepting near-term earnings drag from capital investments in exchange for long-term growth and premium returns on capital.
Airbnb's Q2 results show decent revenue and profit, but growth in core markets (North America, Europe) has slowed significantly. Economic uncertainty, rising delinquencies, and increased regulatory restrictions (e.g., recent limitations in Spain) are creating significant headwinds. Airbnb's push into new areas such as experiences and services may drive incremental growth, but brings higher costs, operational complexity, and uncertain returns.
Airbnb ABNB shares are trading lower on Thursday after the company warned of a deceleration in growth during the latter half of this year.