TipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks, like Apple and Airbnb.
Now, with Covid-19 cases diminishing globally, Airbnb stands to benefit as travel roars back to life. According to Ivan Feinseth of Tigress Financial Partners, the company can easily scale and add supply cheaply, and it has been investing innovations to streamline onboarding for new hosts. Moreover, the firm has shown its ability to adapt to abruptly changing consumer desires and trends, be they long-term stays in rural environments or brief weekend urban vacations.
The analyst said that"ABNB's ability to add incremental capacity through new Hosts, ongoing investment initiatives in new technologies, cobranded buildings, branding opportunities, expanding partnerships with travel service providers, and increasing international expansion are all strong drivers of future growth."
Feinseth is rated as No. 78 out of more than 7,000 professional analysts. His stock ratings have resulted in success 65% of the time, and they have returned an average of 29.4% each.
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