AirbnbNASDAQ: ABNB

Is Airbnb a great growth stock to invest in at its current price?

Airbnb (ABNB) has recently caught the attention of many Zacks.com users. Therefore, it's important to look into what the future holds for this stock.

The future prospects for Airbnb remain positive.

The stock market is still adjusting to the changes in the economy following the recent U.S. presidential election. As worries about inflation grow and 10-year Treasury yields near 5% due to the bond market's response, certain stocks might gain from these developments.

ABNB's results for the third quarter of 2024 show positive growth due to an increase in Nights and Experiences Booked, along with high demand for its offerings.

Airbnb Inc's stock fell by almost 5% in after-hours trading after its third-quarter earnings were a bit below what analysts had expected, even though revenue was slightly higher than forecasted. The company announced earnings per share of $2.13, just below the expected $2.14, while revenue was $3.73 billion, marking a 10% rise compared to the same time last year.

Investors ought to seek out great companies that are available at reasonable prices.

Airbnb announced its earnings after the market closed on Thursday. CEO Brian Chesky highlighted several areas where the company is experiencing growth.

Airbnb, Inc. (ABNB) reported quarterly earnings of $2.13 per share, which is lower than the Zacks Consensus Estimate of $2.17 per share. This is a decrease compared to earnings of $2.39 per share from the same period last year.