Is Airbnb (ABNB) Stock Outpacing Its Computer and Technology Peers This Year?

Is Airbnb (ABNB) Stock Outpacing Its Computer and Technology Peers This Year?

For these searching to uncover strong Personal computer and Know-how shares, it is prudent to search for companies in the team that are outperforming their peers. Has Airbnb, Inc. (ABNB) been a single of those people stocks this 12 months? A speedy glance at the firm’s yr-to-date functionality in comparison to the rest of the Personal computer and Technological know-how sector need to assistance us remedy this query.

Airbnb, Inc. is a member of our Laptop and Know-how team, which features 646 various providers and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 various sector teams. The common Zacks Rank of the particular person shares in just the teams is measured, and the sectors are detailed from ideal to worst.

The Zacks Rank is a demonstrated product that highlights a wide variety of stocks with the correct features to outperform the industry more than the following just one to a few months. The procedure emphasizes earnings estimate revisions and favors providers with increasing earnings outlooks. Airbnb, Inc. is now sporting a Zacks Rank of #1 (Sturdy Invest in).

Over the earlier 90 days, the Zacks Consensus Estimate for ABNB’s total-12 months earnings has moved 19.4{5376dfc28cf0a7990a1dde1ec4d231557d3d9e6448247a9e5e61bb9e48b1de73} bigger. This alerts that analyst sentiment is improving upon and the stock’s earnings outlook is a lot more positive.

Our most recent available information shows that ABNB has returned about 44.7{5376dfc28cf0a7990a1dde1ec4d231557d3d9e6448247a9e5e61bb9e48b1de73} considering the fact that the get started of the calendar yr. Meanwhile, shares in the Pc and Technological innovation team have acquired about 17.7{5376dfc28cf0a7990a1dde1ec4d231557d3d9e6448247a9e5e61bb9e48b1de73} on typical. This shows that Airbnb, Inc. is outperforming its friends so significantly this calendar year.

Yet another Computer and Technology inventory, which has outperformed the sector so far this year, is Palo Alto Networks (PANW). The inventory has returned 39.4{5376dfc28cf0a7990a1dde1ec4d231557d3d9e6448247a9e5e61bb9e48b1de73} calendar year-to-date.

In Palo Alto Networks’ circumstance, the consensus EPS estimate for the current calendar year amplified 52.5{5376dfc28cf0a7990a1dde1ec4d231557d3d9e6448247a9e5e61bb9e48b1de73} more than the earlier three months. The inventory at the moment has a Zacks Rank #1 (Potent Get).

To break factors down far more, Airbnb, Inc. belongs to the Online – Material marketplace, a group that involves 16 personal providers and at the moment sits at #47 in the Zacks Market Rank. This group has received an typical of 20.2{5376dfc28cf0a7990a1dde1ec4d231557d3d9e6448247a9e5e61bb9e48b1de73} so significantly this yr, so ABNB is undertaking improved in this location.

In contrast, Palo Alto Networks falls beneath the Security business. At present, this business has 7 stocks and is rated #69. Considering the fact that the starting of the year, the field has moved +27.4{5376dfc28cf0a7990a1dde1ec4d231557d3d9e6448247a9e5e61bb9e48b1de73}.

Likely forward, buyers fascinated in Personal computer and Engineering stocks ought to proceed to pay back shut focus to Airbnb, Inc. and Palo Alto Networks as they could maintain their good efficiency.

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