5 Best Short-Term Stocks To Buy Now

In this article, we will be taking a look at the 5 best short-term stocks to buy now. To read our detailed analysis of current stock market dynamics, you can go directly to see the 15 Best Short-Term Stocks To Buy Now.

5. Airbnb, Inc. (NASDAQ:ABNB)

Number of Hedge Fund Holders: 54

One-year Return as of February 28: -17.02%

Airbnb, Inc. (NASDAQ:ABNB) is a company operating a platform enabling hosts to offer stays and experiences to guests. The company is based in San Francisco, California.

John Staszak at Argus upgraded Airbnb, Inc. (NASDAQ:ABNB) shares from Hold to Buy on February 28.

Airbnb, Inc. (NASDAQ:ABNB) shares have risen by 45.21% year-to-date, and analysts foresee a further upside on the stock of 14.22%. Argus analysts have a $144 price target on the stock as of February 28. When the company went public in 2020, its stock rallied up to 50% and then fell by 40%. As of this February, the stock has again risen to now be trading around its IPO levels, showing how volatile it really is.

There were 54 hedge funds long Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter. Their total stake value was $1.6 billion.

ClearBridge Investments, an investment management firm, mentioned Airbnb, Inc. (NASDAQ:ABNB) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“Names like Airbnb, Inc. (NASDAQ:ABNB) and data warehouse software provider Snowflake (SNOW), which we added to during the quarter, offer better than average growth exposure with strong margins and cash generation that should allow the Strategy to capture better upside in markets with greater price momentum. We partner these higher-growth names with the stability, predictability and economic insensitivity provided by our large cap health care positions. We are striving to strike a balance in the portfolio across varying growth rates, consumer and enterprise as well as international and domestic equity markets.”