Despite the rise and fall in its price experts still believe that Airbnb is a buy option.
Experts in their most recent research picked Airbnb(NASDAQ: ABNB) stock as buying option as predicted that the company’s stock might go all way up to the $144 price target.
Argus Published the Report about Airbnb’s Stock
The Argus, a Brighton-based local financial newspaper in its report that there will be continued robust and sturdy demand in the United States for Airbnb.
Moreover, like other corporations, Airbnb is likely to experience a positive impact from the relaxation of COVID-related limitations in China.
As more Chinese individuals are traveling across the globe, this would increase the revenue of Airbnb.
The newspaper also argued that regions such as the United States, South America, and Europe are likely to generate massive revenues for Airbnb.
Apart from that, Argus also stated the possibility of implementing buyback plans due to the anticipation of steady underlying factors that would sustain cash flow.
As far as the long-term growth of the company is concerned its revenues and gross earnings are going to see a massive spike.
Because traveling is back in the world’s most developed countries, the demand for Airbnb’s service will continue to be high.
As the things stand, Airbnb already has achieved the massive cash flow to support its operations. Hence, this would help the company to buy back its stock.
How Did Company’s Stock React over the Past Few Weeks?
Last Monday, the company’s stock will open at around $123. However, by the end of the week, Airbnb’s stock had increased by 1.7% and closed at $125.73.
As the new trading week is about to begin experts are hopeful that the company’s share will rise upward.
Odeon Downgraded Capital One
In another emerging news, a renowned investment fund has decreased the ranking of Capital One listen on New York Stock Exchange as COF.
Odeon capital also predicted that in the upcoming time, the stock price of the company is likely to lunge as it would touch the $94.20 price mark.
Hence, Odeon capital experts said that Capital One is a sell option at the moment. There was a bundle of reasons that Capital One has been downgraded.
The company was facing intense short-term issues like consumer debt, its consumer debt mark reached new lengths. Moreover, there are several claims that the company might suffer bankruptcy.
On the other, it is also finding it impossible to cut down its expenses to minimize its operating expenses. Hence, the company’s operating profits are being compromised.
As far as its performance in the long term is concerned, Odeon has written that the company’s business model is only beneficial when the consumer drives the economy.
But, moving forward macroeconomics show that industry will drive the economy, Capital One’s business model is immensely incapable of doing well in such circumstances.
As the company’s stock was downgraded it saw massive selling pressure on Thursday evening. As the result, it shared plunged to the $105.84 mark, but later on Friday it recovered.
Moving, forward the indicators are not encouraging for its stock as it goes below the $100 mark.
Goldman Sachs Is Positive About Willis Towers Watson
Back on Monday, Goldman Sachs uplifted the stock of Willis Towers Watson, a NASDAQ-based company. Moreover, Goldman Sachs experts also mentioned that its stock can as high as $290.
The company’s growth is anticipated to be propelled by investing in talented individuals. Over the past two quarters, the company’s organic growth has risen by 5%.
It is expected that growth is continued to be on the up for upcoming quarters as well. Last week on Monday, the company’s share was valued at $240.65. But by the end of last week, its stock was priced at $240.85.
As the company has shown remarkable growth it is expected that its stock will fly.