Airbnb Stock Shows Rising Relative Strength With Earnings Due

Airbnb (ABNB) stock saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 70 to 73. The home rental platform debut on Dec. 10.


When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price performance over the trailing 52 weeks compares to the rest of the market.

Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating north of 80 as they launch their largest runs. See if Airbnb Inc Cl A can continue to rebound and clear that threshold.

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Is Airbnb Stock A Buy?

Airbnb stock has been etching the right side of a consolidation since hitting a 52-week high of 219.94 on Feb. 11. Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock manages to offer and clear an appropriate buy point. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

Strong Top, Bottom Line Results

The home rental platform saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 88%. Revenue rose from 5% to 299%. The next quarterly results are expected on or around Oct. 28.

Airbnb stock earns the No. 4 rank among its peers in the Leisure-Travel Booking industry group. Expedia (EXPE) and MakeMyTrip (MMYT) are also among the group’s highest-rated stocks.


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