Jim Cramer on Airbnb: “I Do Think That the Story’s Gotta Be Told Better”

Airbnb, Inc. (NASDAQ:ABNB) is one of the stocks Jim Cramer expressed his thoughts on. An investing member asked Cramer’s recommendation regarding the stock, and here’s what he had to say:

“Well, in How to Make Money in Any Market, I say that Airbnb is dramatically undervalued. I think that because it’s so much cheaper than a hotel room. I do think that the story’s gotta be told better, including by the CEO who’s not telling the story as well as I could. I know that sounds like hubris, but it really is the truth.”

Photo by Andrea Davis on Unsplash

Airbnb, Inc. (NASDAQ:ABNB) operates an online platform that connects hosts with guests to book accommodations and experiences. During the October 17 episode, Cramer said that he liked the company when a caller asked if they should buy, sell, or hold the stock. He commented:

“Oh, I like Airbnb. It’s chronically being denigrated because people don’t feel that the app does well. Therefore, I think it is time to put your money where your mouth is, Airbnb.”

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Disclosure: None. This article is originally published at Insider Monkey.