ABNB

ACCE-researched
Airbnb Inc. Class A Common Stock
Consumer Cyclical · Travel Services · NASDAQ · United States
$166.22+0.17%
Market cap $99.5BNext earnings 2026-11-05Updated Sep 19, 2026
FAIR VALUE · CONSENSUS
$166.22+0.0%
confidence-weighted across 4 of 6 models
Now $166.22
$166.22
$35.27$93.83
AvoidSilver74
Price vs fair value
142.3% above
-58.7% to fair value
ACCE score
79
out of 100
Analysts
31% buy
45 covering
P/E
37.9x
forward 26.9x
1-year return
+32.5%
Dividend yield
0.00%
Unlock the ACCE read
INVESTOR

Overview

ACCE thesis

Airbnb operates a two-sided marketplace connecting property owners with travelers, taking a commission on every booking while maintaining minimal physical assets. The company benefits from powerful network effects-more hosts attract more guests, which draws more hosts-creating a self-reinforcing moat that traditional hotels cannot replicate. Management is aggressively expanding into experiences and longer-term stays, capitalizing on the permanent shift toward remote work that has extended average trip lengths by 15% since 2019. The business trades at 24x forward earnings despite generating 30% ROE and 83% gross margins, reflecting concerns about travel normalization that ignore Airbnb's structural market share gains against hotels. With only 7% penetration of the global accommodation market and new categories like co-hosting driving incremental revenue per listing, the runway remains massive.

Written May 5, 2026
⚠ Investor warnings · 3 flags
  • high
    Heavy insider selling
    Last 10 transactions show $146.39M in sales, zero buys - significant distribution by insiders at current levels.
  • moderate
    Earnings growth deceleration
    Revenue grew 17.9% YoY but earnings only grew 6.0%, with operating margin thin at 3.2% - profit conversion weakening.
  • moderate
    Sequential revenue decline
    QoQ revenue growth of -3.6% signals near-term demand softness despite strong annual headline numbers.
Reports in 45 days, last quarter beat by 0.1%.

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

PRO

Price

+32.5% · 1Y

Valuation

INVESTOR
Full valuation engine INVESTOR FEATURE

Six independent models converge on one confidence-weighted fair value, with full methodology and editable assumptions.

  • +All six models: DCF, P/E and EV/EBITDA comps, Graham, dividend discount, residual income
  • +Scenario bands, sensitivity tornado, and the 5-year historical valuation range
  • +Editable DCF workbench with saved scenarios

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: conviction breakdown, earnings quality, score history, and backtested returns.

  • +Conviction score breakdown and earnings-quality grade
  • +Growth / value / quality / momentum component scores
  • +90-day score history and score-threshold backtests

Analysts

Wall Street consensus

Bearish31% buy · 45 covering analysts
● Strong buy 12● Buy 2● Hold 25● Sell 2● Strong sell 4
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO
Smart money tracking PRO FEATURE

Follow the institutions: 13F position changes, insider trades, and active 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Recent open-market insider transactions
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

This stock Peer Peer median weaker → stronger
P/Ebetter than 0% of peers
low 7.9x37.9xhigh 37.9x
ROEbetter than 33% of peers
low 16%35%high 226%
Div yieldbetter than 33% of peers
low 0.0%0.0%high 2.4%

Algorithmic peers (6)

TickerCompanyMcapP/EROED/EYieldQuality
BKNGBooking Holdings Inc. Common Stock$126.2B18.7225.7%-3.361.0%-Compare
RCLRoyal Caribbean Cruises Ltd. Common Stock$65.7B15.244.7%2.132.4%-Compare
VIKViking Holdings Ltd Ordinary Shares$37.6B28.0139.6%5.030.0%-Compare
EXPEExpedia Group Inc. Common Stock$33.5B17.689.5%4.800.7%-Compare
CCLCarnival Corporation Common Stock$29.9B9.826.7%2.171.4%-Compare
TCOMTrip.com Group Limited American Depositary Shares$25.6B7.915.7%0.180.0%-Compare

Sector report card

Where ABNB ranks against its sector peers on each metric.

Computing percentiles…

News and Record

Reports in 45 days, last quarter beat by 0.1%.

Press releases mentioning this company

Ask anything, Pro feature

Ask questions about this stock in plain language. Answered from company fundamentals + recent valuations.

PRO

Recent performance

1 week
-2.3%
1 month
-10.8%
3 months
+16.7%
6 months
+29.3%
YTD
+22.5%
1 year
+32.5%

SEC filings

40 filings
September 2026
Sep 17
Form 4Insider transactionPeriod 2026-09-15
Sep 16
Form 4Insider transactionPeriod 2026-09-14
Sep 3
Form 4Insider transactionPeriod 2026-09-01
37 more filings + AI summaries on Investor+.INVESTOR