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ABNB
AirbnbNASDAQConsumer DiscretionaryTravel ServicesSnapshot 2026-06-12
Watch· 1–3 mo
$132.28+1.08%
Close 2026-06-12 · 1-day change
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
The bottom line
Recent financial performance is neutral, and earnings quality is mixed. Management's recent track record has been unsteady, with frequent disruptive corporate changes, while the sector backdrop is a headwind. Compared with sector peers, ABNB is typical in performance, and risk is moderate. Peer multiples imply a price about 26% below where it trades (it looks expensive on this basis); the read is fair. This assessment is provisional.
as of 2026-06-12
Quick facts
- Exchange
- NASDAQ
- Sector
- Consumer Discretionary
- Industry
- Travel Services
- Market cap
- $76.62B
- Employees
- 8,210
- IPO date
- 2020-11-16
- Next earnings
- 2026-08-05
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 6 valuation methods, at three horizons. Current price $132.28. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfull
$104.60consensus
Range $74.72 – $138.97
vs price: +26% above
Method agreement — · 6 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearfair
$168.39consensus
Range $159.68 – $286.59
vs price: -21% below
Method agreement — · 5 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Durable premiumlow confidence
At $132 the market pays 33× p/e — above the 18× p/e peer median but in line with its own 33× history. That premium reflects a durable franchise our peer-anchored $105 fair value understates; treat the 'expensive vs peers' read with low confidence. Analysts: $120–$185. Not investment advice.
Multiple (P/E)
32.6x
peer 18.3x · own history 32.9x
Premium
1.8x peer
1.0x its own history
Growth the price needs
26%
our forecast 13%
Our fair value
$104.60
range $74.72 – $142.67
Analyst range(a guide on our number, not a target)Our number is below the analyst range
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
fullfair12-month view
What's priced inStretched
The market is pricing in roughly 26% near-term growth, ahead of our forecast of about 13%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
No fragility gates fired.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
neutralOperating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated neutral grew net income 48% of the time over the next year (vs 64% for the rest of the cohort, n=3804).
41st pctl · Consumer Discretionary
Earnings quality
neutralOver the trailing year it converted 1.81x of net income into operating cash flow. Historically, Consumer Discretionary names rated neutral grew net income 52% of the time over the next year (vs 55% for the rest of the cohort, n=3229).
56th pctl · Consumer Discretionary
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity.
Management & capital allocation
volatileEarnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bullish30 analysts, 53% Buyfor period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $1.25 → $1.25 (+0.0% / 30d). 24 raised, 1 cut, 30 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d, 1 maintained. 53% of analysts rate Buy.
Price target activity
1 PT revisions / 30d. Avg target 19.7% above current price.
Sector context
Intermediate · WeeklySector phase: consumer discretionary is in declining, with may be transitioning (~0.2 years in phase).
Sector regime (90d momentum): headwind.Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: neutral
- Capital allocation
- strong
- Earnings discipline
- neutral
- Margin discipline
- weak
- Balance sheet
- neutral
- Post-call reaction
- neutral
A guidance track record builds as the company issues and delivers on guidance.
as of 2026-06-12
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$124.
How much price usually moves either way.
On a bad day, this stock has moved -$278.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,154.
Deepest peak-to-trough drop in the last year.
moderateas of 2026-06-12
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- score change · company_momentum_scoremoderate change
Company momentum fell by 19.1 points (from 4.7 to -14.4).
As of June 12, 2026, company momentum fell. The sector backdrop remains a headwind. The macro backdrop is provisional, with recent financial performance described as neutral.
as of 2026-06-12
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- DownsideHigh confidenceMonthsactive 18d
Watch for Q1 2026 revenue growth below 14%
Why it matters: Lower revenue growth might mean less demand or problems in execution. This raises worries about Airbnb's ability to keep growing.
What confirms / what disproves
Confirms:In Q1 2026, revenue was below $2.59 billion. This shows growth under 14%.
Disproves:Q1 2026 revenue meets or exceeds $2.63 billion, showing strong demand.
Earnings call
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for ABNB yet.
This sector is also watching
- Watch for consumer revenue growth dropping below median
- Watch for changes in unemployment claims on June 4
- Watch for retail sales data on June 17
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like BKNG, RCL, and CCL keep beating earnings and guiding higher, the Consumer Discretionary sector momentum should keep lifting ABNB and other Consumer Discretionary names. Worth watching these names for early signals.
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for ABNB and other Consumer Discretionary names, since rate-sensitive parts of the market tend to rally when the Fed eases.
Downside triggers
- If ABNB reverses and cuts guidance after recently raising (RAISED as of 2026-05-07), that's the worst kind of move: a credibility hit on top of the lower number. Stocks usually get punished disproportionately for this.
- If sector bellwethers like BKNG, RCL, and CCL start missing or guiding lower, the Consumer Discretionary tailwind helping ABNB and other Consumer Discretionary names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.6% (say, below 2%), it hits ABNB and other Consumer Discretionary names harder than the average stock, since the sector is growth-sensitive.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-071mo agoItem 2.02
Results of Operations and Financial Condition. On May 7, 2026, Airbnb, Inc. (the “Company”) issued a Shareholder Letter (the “Letter”) announcing its financial results for the first quarter ended March 31, 2026. In the Letter, the Company also announced that it would be holding a conference call on May 7, 2026 at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results for the first quarter ended March 31, 2026. A copy of the Letter is furnished as Exhibit 99.1 to this Current Report on F…
Earnings preannouncementnegative
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
-5.3 vs last weeklatest as of 2026-06-13
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.