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7 Tech Stocks That Will Lead the Way in 2022 - 5 of 7

 
 

#5 - Airbnb (NASDAQ:ABNB)

2021 was the year when the disruptor got disrupted. Airbnb (NASDAQ:ABNB) went public in December 2020 as one of the next big stocks in the tech sector. However, after crossing the $200 mark on two separate occasions, ABNB stock was knocked back. The culprit was the Covid-19 pandemic and specifically the Delta and Omicron variants.

In the case of Omicron, Airbnb stock is down 21% since the middle of the year. But the stock appears to be finding support as public health officials are not mandating travel restrictions related to the Omicron variant.

This should give investors the opportunity to look at the company’s asset-light business model. The company is likely to thrive as millions of Americans are now untethered to an office. This is redefining the “where” of work/life balance and is likely to create earnings and revenue growth for the company in 2022.

Still, some analysts believed the stock was overpriced prior to the recent sell-off. And after a strong third quarter, Airbnb will face the privilege of elevated expectations. Nevertheless, the consensus price target among the analysts surveyed by MarketBeat is $192.70, an 18% increase from the current ABNB share price.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes. Read More 
Current Price
$134.21
Consensus Rating
Hold
Ratings Breakdown
8 Buy Ratings, 19 Hold Ratings, 6 Sell Ratings.
Consensus Price Target
$139.48 (3.9% Upside)

 

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