I think ... this is a good entry level ... assuming they make 550 million FCF soon per quarter ... and they conservatively grow it by 20% ... discounting by annual interest of 4% and considering 12 years only I end up with 63 billion ...
market cap now at 60 billion ... deducting 10 billion cash .. this is undervalued by 13 billion ..
and I believe 20% growth is fairly valued ..
I am - and I think the market too - concerned with a possible decline in bookings during recession .. considering this .. i can understand that stock is priced at 94 ... and could potentially fall further ...
however ... long term this should be good buying levels in my view $Airbnb, Inc.(ABNB)$
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Ok