Airbnb, Inc. (NASDAQ:ABNB) is one of the stocks Jim Cramer commented on. A caller asked whether they should buy, sell, or hold the stock, and Cramer replied:
“Oh man, I’ve been looking at it too, and I’m telling you that whole class of equities from that period that came public, they’re all on fire except for this one. I think you buy Airbnb.”
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Airbnb, Inc. (NASDAQ:ABNB) operates an online platform that connects hosts with guests to book stays and experiences. Cramer discussed the company’s latest earnings in an August episode. He remarked:
“Long story short, while the second quarter numbers were strong, Airbnb’s guidance was more guarded… which made investors worry that management was bracing itself for a slowdown… And if they’re going into a slowdown, then it’s hard for Wall Street to get excited about these new growth initiatives… Basically, Airbnb gave us a, what’s called a beat and meet quarter and signaled that its margins would likely contract in the back half of the year. We’re no longer paying up for these kinds of stocks, and in many cases, we run from them… Airbnb is the more richly valued of the companies, trading at almost 29 times this year’s earnings estimates.
