5 Best Stocks to Buy Now for a $1 Million Portfolio

In this article, we will take a look at the 5 Best Stocks to Buy Now for a $1 Million Portfolio. For deeper discussion and analysis, read 10 Best Stocks to Buy Now for a $1 Million Portfolio. 

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5. Airbnb, Inc. (NASDAQ:ABNB)

Number of Hedge Fund Holders: 80

On May 11, DA Davidson raised its price recommendation on Airbnb, Inc. (NASDAQ:ABNB) to $162 from $150. It reiterated a Buy rating on the shares. The analyst said Airbnb’s first-quarter results came in ahead of both the company’s guidance and Wall Street expectations on key financial metrics. The firm also noted that Airbnb delivered 9% growth in room nights, even as the conflict in the Middle East began to affect travel trends in March.

During the company’s Q1 2026 earnings call, Airbnb Co-Founder, CEO, and Chairman Brian Chesky said the company posted a strong start to 2026. Revenue increased 18% year over year to $2.7 billion. Chesky also said gross booking value rose 19% from the prior year, while Nights and Experiences Booked grew 9%. He added that the Middle East conflict had an estimated 100 basis point impact on growth during the quarter.

He pointed to several product initiatives that helped support conversions and booking trends. According to Chesky, nearly 20% of global gross booking value came from Reserve Now, Pay Later bookings. He also said Airbnb was seeing longer booking lead times and increased demand for larger, higher-priced homes. Improvements in listing relevance were also helping drive booking activity, he added.

Discussing Airbnb’s push beyond home rentals, Chesky said the company continued to expand its experiences business and was seeing more cross-selling among users. He noted that nearly one-quarter of new guests who booked an experience later booked a stay or service. About one in three experience customers also booked a stay within 90 days. Chesky added that Airbnb was continuing to expand its boutique and independent hotel pilot. He said roughly 55% of guests who booked a hotel through Airbnb later returned to book a home on the platform.

Airbnb, Inc. (NASDAQ:ABNB) operates a global platform for stays and experiences. Its marketplace connects hosts and guests through online and mobile platforms, allowing users to book accommodations and experiences around the world.