41 days ago • Posted by William Ramstein
Reopening might already be priced in to Airbnb's share price
problem is that Airbnb’s exposure to reopening might already be priced in. Even though its shares have retreated 37% from their February high, they are still trading at 15 times forward sales. By comparison, Booking fetches less than 8 times and Expedia less than 3 times. Quarterly projections remain high on steady booking expectations.