On Monday, Airbnb got an upgrade for its IBD SmartSelect Composite Rating from 94 to 98.
The revised score means the stock currently tops 98% of all other stocks in terms of key performance metrics and technical strength.
Airbnb broke out earlier with a 121.40 buy point from a cup with handle base. The stock is currently in a consolidation base on a MarketSmith daily chart. It still needs an improving price to reach the current pivot price, but recent activity has been positive.
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The stock has an 80 EPS Rating, which means its recent quarterly and annual earnings growth tops 80% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company posted 0% earnings-per-share growth. Revenue growth fell to 20%, down from 24% in the prior quarter.
Airbnb holds the No. 3 rank among its peers in the Leisure-Travel Booking industry group. Booking Holdings is the top-ranked stock within the group.
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