Connect with us

Hi, what are you looking for?


Jim Cramer on the Airbnb stock: ‘I would own it’

jim cramer recommends buying airbnb stock

Shares of Airbnb Inc (NASDAQ: ABNB) are currently trading at less than the price at which they started the year – and that, as per Jim Cramer, is an opportunity to buy a quality name at a steep discount.

Cramer’s outlook on the Airbnb stock

In November, the vacation rental company reported its financial results for the third quarter that handily topped Street estimates. Speaking positive about the stock this morning on CNBC’s “Squawk on the Street”, Cramer said:

I believe in Airbnb. I would own the stock of Airbnb. I don’t own it for my Charitable Trust, but I think it’s a good company.

Cramer recommends buying Airbnb stock also because he has confidence in the leadership of Brian Chesky – the Chief Executive of Airbnb Inc.

His constructive view is in line with Wall Street that also rates this Nasdaq-listed firm at “overweight”.

Airbnb is committed to affordability

Last month, CEO Chesky reiterated that Airbnb was committed to affordability to retain strength through the impending recession as we reported here. According to Jim Cramer:

When I talked to Brian Chesky, he said nothing about how the high end was not travelling. But somehow, his interview was interpreted as saying that. I went back to Brian, and he said that’s just not true.

Airbnb has recently introduced things like Airbnb Setup and AirCover to make it all the more convenient for hosts to join the platform. In a show of just how easy it is, CEO Brian Chesky himself listed one of his bedroom on the marketplace in November for “zero” dollars.

The Nasdaq-listed firm is expecting up to $1.88 billion in revenue in the holiday quarter – up 20% on a year-over-year basis.

The post Jim Cramer on the Airbnb stock: ‘I would own it’ appeared first on Invezz.

You May Also Like


Mimiq, Inc is announcing today the launch of their new product, Mimiq Track, at CES as part of their latest product line to operate...


Genesis Trading, the cryptocurrency brokerage and lender that halted customer withdrawals in the aftermath of FTX collapse, believes it can sort out its financial...

Editor's Pick

If you haven’t been following the “Twitter Files” saga, the gist of it is that the US federal government routinely pressured pre-Musk Twitter, and...

Editor's Pick

On April 23, 1985, the Coca-Cola Company made one of the biggest mistakes in American business history: it changed the formula for Coca-Cola. Outraged...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023