Airbnb, Inc. (NASDAQ:ABNB) is one of the stocks Jim Cramer recently covered. A caller asked if the stock is a buy, sell, or hold, and Cramer replied:
“Oh, I like Airbnb. It’s chronically being denigrated because people don’t feel that the app does well. Therefore, I think it is time to put your money where your mouth is, Airbnb.”
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Airbnb, Inc. (NASDAQ:ABNB) operates an online platform that connects hosts and guests for booking stays and experiences. Sands Capital stated the following regarding Airbnb, Inc. (NASDAQ:ABNB) in its second quarter 2025 investor letter:
“We exited Airbnb, Inc. (NASDAQ:ABNB). Top-line growth decelerated from approximately 40 percent in 2022 to less than 10 percent in the first quarter of 2025, and new growth initiatives appear underwhelming. What we consider Airbnb’s second act—experiences—has been in market for several years but has yet to make a meaningful impact on the business. The stock continues to trade at a premium valuation despite rising uncertainty around its growth trajectory, increasing its vulnerability in our view. We acknowledge that travel remains a secular growth category, particularly if AI-driven productivity gains create more leisure time. We also recognize the potential for significant profit upside if management successfully expands margins. However, Airbnb was a stub weight in Global Growth—representing less than 100 basis points—and given our lack of conviction to increase the position meaningfully, we chose to recycle the capital into higher-conviction opportunities.”
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Disclosure: None. This article is originally published at Insider Monkey.