I want to know what people think of Airbnb stock and its valuation.
I have 8 shares which I am currently negative on and am thinking of buying additional shares to average my cost down.
ABNB seems like it could do really good over the next few years but the P/E ratio is extremely high at “80.29” which I realise could quickly decline as they get more profitable. The company is currently profitable but barely. I have booked once with them and had a great experience with no issues regarding the host. So I see the appeal people have to using them for vacation rentals and short term stays.
What are everyones thoughts? To expensive / overvalued?
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