Jim Cramer on Airbnb: “I Don’t Feel Like Sticking My Neck Out at This Very Moment”

Airbnb, Inc. (NASDAQ:ABNB) is one of the travel and leisure stocks Jim Cramer recently talked about. Cramer highlighted that the stock has been “frustrating” for him, as he remarked:

“Also, while Airbnb has been a very frustrating stock to me since it came public five years ago, stock’s now up more than 15% from its lows just three weeks ago. In theory, Airbnb makes sense for consumers traveling on a budget. But I’ve been burned so many times recommend[ing] the stock to you, and I still like it, I still like it, but I don’t feel like sticking my neck out at this very moment.”

Photo by Andrea Davis on Unsplash

Airbnb, Inc. (NASDAQ:ABNB) operates a global marketplace that links hosts providing homes and experiences with guests booking stays through its app and website. When an investing club member asked about the stock during the November 14 episode, the Mad Money host responded:

“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.”

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