ABNB Strong Earnings but Wrong Valuation
ABNB net loss was $18.8 million, or 3 cents a share, higher than the loss of 25 cents a share Wall Street analysts were expecting.
Revenue up 70% YoY to $1.51 billion vs $1.45 billion expected.
But i still don`t understand where that 94.879Bil market capitalization comes from.
Since its IPO the company wasn`t profitable and it is still valued at 95Bil. Pure growth speculation.
ABNB may not be able to achieve profitability in the upcoming years.
My speculative price target is lower than its IPO, at $95.
Looking forward to read your opinion about it.
Revenue up 70% YoY to $1.51 billion vs $1.45 billion expected.
But i still don`t understand where that 94.879Bil market capitalization comes from.
Since its IPO the company wasn`t profitable and it is still valued at 95Bil. Pure growth speculation.
ABNB may not be able to achieve profitability in the upcoming years.
My speculative price target is lower than its IPO, at $95.
Looking forward to read your opinion about it.
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BYBIT partner.bybit.com/b/37880
TRADING COURSE bit.ly/tradex
Private Signals patreon.com/PremiumOptionsSignals
RESULTS bit.ly/topgx
1%/DAY: bit.ly/3F56VTW
BYBIT partner.bybit.com/b/37880
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