Airbnb stock has gained about 16% in October: here’s where to buy the stock

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Airbnb stock (NASDAQ:ABNB), has been on the rise since September 23 and has maintained the surge throughout October. It has gained 15.91% since September 23, 2022.

The company’s stock has maintained a steady rise despite an outcry among landlords that Airbnb bookings have decreased in the past three to four months.

To help stock investors interested in investing in Airbnb, Invezz has created a brief article on where to buy its stock.

To find out more, please continue reading.

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What is Airbnb?

Airbnb, Inc., is an American-based company that operates an online marketplace focused on short-term homestays and experiences. It is headquartered in San Francisco, California. It was founded in 2008.

The company acts as a broker between landlords and people looking for short-term house stays. It charges a commission for each booking.

AirBnb, Inc. is a publicly traded company and it is listed on the NASDAQ stock exchange, which in September announced it will start offering crypto custody via a new Digital Assets unit. Airbnb is listed under the symbol NASDAQ: ABNB.

Should I buy Airbnb stock today?

If you are wondering whether to invest in Airbnb, now could be a good time going by the sustained gains that its stock made in October.

However, there has been an outcry from Airbnb landlords of bookings having dropped for the last three to four months. Some landlords have registered as low as 0% bookings.

Airbnb stock price prediction

Despite the ongoing outcry about decreased bookings among Airbnb landlords, analysts expect the ABNB stock to continue gaining for the remaining part of October.

All eyes are on a short-term price target of $120 as the stock sets course to reclaim its April 2022 highs above $160 as we move from the pandemic era. Richard Clarke, the Managing Director at Bernstein, sees a 35% upside to $143 on the ABNB stock.

Airbnb social media trends

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