Airbnb, Inc. (ABNB): A Bull Case Theory

We encountered a bullish thesis on Airbnb, Inc. On investing with substack’s purpose. In this article, we will summarize the bull thesis on ABNB. Airbnb, Inc. At 125.47 dollars from September 18. ABNB was to save P/E to the front 30.45 and 25.58, respectively, according to Yahoo’s funding.

The photo by Andrea Davis is not earthquake

Airbnb, Inc. (ABNB) is one of the most famous travel marks in the world, as it has evolved from the disruption of high -growth growth in the era of the epidemic to a strong cash generation platform. The company benefits from the virgin public budget, with $ 8.3 billion of net cash, high liquidity ratios, free cash flow of $ 4.48 billion in 2024. Its business generates high -quality margins, including a total margin of 71.5 %, a 23 % operating margin, and 40 % of FCF margin, which reflects the efficiency of operation and decision. revenue grew by 11.9 % year on an annual basis in 2024, where nights and expertise were booked by 9 %, and the total reservations increased from 81.8 billion dollars to about 104 billion dollars by 2026.

Despite these strengths, Airbnb faces margin pressure and slow profits. Net income fell from $ 4.79 billion in 2023 to $ 2.65 billion in 2024, while the stock profit fell from $ 7.24 to $ 4.11, driven by unwanted materials, fading tax, and reduced stock compensation. The evaluation remains high, with P/E of 32X and EV/ebitda from 28x, pricing in the continuous EPS growth expectations that may not be achieved in view of the maturity platform model. Unanimity projects are only 11 % of the profitability of CAGR age until 2027, indicating an increase in the level of rise in the current market prices.

Technically, the stock is under pressure. The main support was broken at $ 132, with resistance near 145-147 dollars, MacD’s hepatitis, and the risk of RSI deviation down from additional to 125-118 dollars if support fails. While Airbnb’s essentials make it high -quality work, the combination of slow growth and highly evaluating high and technical evaluation gives caution. Investors in accumulation may only consider declining operations of $ 120 or a certain outbreak above $ 147, highlighting the need for patience and strategic entry on a strong but excessive platform.

Previously, we covered a Saudi thesis On Airbnb, Inc. (ABNB) by Chit Chat Stocks in May 2025, which highlighted the company’s expansion of experiments and services to deepen the user’s participation and expand its value proposal beyond the accommodation. The company’s share price has decreased by approximately 8.27 % since our coverage. This is because the thesis played partially, while investing with the purpose shares a similar perspective, but it confirms Airbnb’s transfer to a platform to generate money with strong margins and focus on slowing the profits and cautioning the evaluation.