Should You Buy and Hold Airbnb (ABNB) For Long Term

Airbnb, Inc. (NASDAQ:ABNB) ranks among our Top Stocks to Buy and Hold for the Long Term. Wall Street expects more than 19.8% upside from the current level. Recently, on June 12, Truist raised the firm’s price target on Airbnb, Inc. (NASDAQ:ABNB) from $129 to $134 and maintained a Hold rating on the shares.

​The firm noted the update in price target to be part of its broader preview of the travel and leisure companies. Truist sees a generally encouraging spending backdrop for US leisure travel, particularly in mass-market destinations like Orlando, with strength expected through Q2 to Q4. Notably, the firm noted that the travel outlook improves as in today’s K-shaped economy, where wealthier consumers continue to spend freely while lower-income groups remain under pressure.

​That said, during the fiscal Q1 2026 earnings, reported on May 8, Airbnb, Inc. (NASDAQ:ABNB) reported revenue of $2.68 billion, surpassing the estimate of $2.62 billion. However, the adjusted EPS of $0.26 missed the expectation of $0.31. Management noted the Nights and Experiences Booked to be key drivers of growth as it grew 9% year-over-year to 156.2 million.

Moreover, the Gross Booking Value also improved 19% during the same time to $29.2 billion, driven by resilient travel demand and pricing strength.

​Management has raised the full-year 2026 revenue growth outlook to the low-to-mid teens and projects Q2 revenue between the range of $3.54 billion and $3.60 billion.

Airbnb Inc. (NASDAQ:ABNB) manages and operates an online marketplace for rooms, which connects hosts and guests online. The company is based in San Francisco, California and was founded in 2007 by Brian Chesky, Nathan Blecharczyk, and Joseph Gebbia.

READ NEXT:  10 Good Stocks to Invest in Now and 10 Most Undervalued US Stocks According to Hedge Funds. 

Disclosure: None. Follow Insider Monkey on Google News.