By Peet Serfontein & Khumbulani Kunene
Airbnb is a one of the most recognisable names in the global travel and accommodation industry, operating a scalable platform that connects millions of hosts and guests without owning physical properties.
Founded in 2008, the company operates in more than 220 countries and regions worldwide and offers a variety of listings, including vacation rentals, cabins, and beach houses. Airbnb has expanded beyond traditional accommodation and now offers additional services such as private chefs, massages, and training sessions.
Technically, a developing symmetrical triangle pattern presents a promising investment opportunity for the stock (see the black converging trendlines on the main chart). This pattern represents a period of consolidation where supply and demand for the stock are gradually converging, creating a sequence of lower highs and higher lows. As this structure narrows, its often followed by a breakout as market indecision resolves. When the price tests support and volumes stabilise, it can provide a favourable risk-reward setup for potential upside.
Stability around a key historical value zone indicates solid buying interest (see the insert on the main chart). The price distribution chart for ABNB over the past five years shows that the current price of around $122.89 lies within one of the most frequently traded zones. This may reflect a consolidation base where buyers and sellers reach temporary balance before renewed directional movement occurs.
Fading downside price momentum per the MACD histogram and the recent upward trajectory of the on-balance volume (OBV) indicator supports our bullish view.
Please note that this trade can also be executed via the JSE listed FNB ETNs BBETNC and BBETNQ.
| Share Information | |
|---|---|
| Share Code | ABNB |
| Industry | Consumer Services |
| Market Capital (USD) | 76.37 billion |
| One Year Total Return | -7.79% |
| Return Year-to-Date | -6.48% |
| Current Price (USD) | 122.89 |
| 52 Week High (USD) | 169.93 |
| 52 Week Low (USD) | 99.88 |
| Financial Year End | December |
| The convergence of both the 200-day and 200-week simple moving average (SMA) also supports a bullish case for the stock | |
| Consensus Expectations (Bloomberg) | ||||
|---|---|---|---|---|
| FY24 | FY25E | FY26E | FY27E | |
| Headline Earnings per Share (USD) | 4.11 | 4.29 | 4.85 | 5.62 |
| Growth (%) | 4.38 | 12.93 | 15.91 | |
| Dividend Per Share (USD) | 0.00 | 0.00 | 0.00 | 0.00 |
| Growth (%) | - | - | - | |
| Forward PE (times) | 28.64 | 25.36 | 21.88 | |
| Forward Dividend Yield (%) | 0.00 | 0.00 | 0.00 | |
| Medium-term growth prospects remain positive with momentum expected to improve over the next few financial periods. | ||||
Buy/Sell Rationale:
Technical Analysis:
Fundamental view:
| Share Name and Position | ETN - Buy (Continue to hold) |
KR - Buy (Continue to hold) |
KMI - Buy (Continue to hold) |
|---|---|---|---|
| Entry | 334.86 | 66.88 | 26.74 |
| Current Price | 374.35 | 69.13 | 27.31 |
| Movement | +11.8% | +3.4% | +2.1% |
| Comment |
A price developing wave b of the Elliott Wave price theory remains of interest. Remains above its 200-day SMA. Muted upside price momentum is supportive.
Our profit target is $395.00 with a trailing stop-loss at $350.00. |
A developing rising wedge pattern remains of interest. Crossed above its 200-day simple moving average. Fading downside price momentum is supportive.
Our profit target is $76.00 with a trailing stop-loss at $65.00. |
The combination of a sustained uptrend in price and supportive AI-based forecasts remains of interest. Dipped below its 200-day simple moving average. Subdued upside price momentum is a concern.
Our profit target is $30.00 with a trailing stop-loss at $25.60. |
| Time to exit | 28 April 2026 | 26 January 2026 | 7 November 2025 |
| Share Name and Position | OTIS - Buy (Continue to hold) |
MSCI - Buy (Continue to hold) |
ADTN - Buy (Continue to hold) |
|---|---|---|---|
| Entry | 91.43 | 567.02 | 9.28 |
| Current Price | 90.82 | 553.581 | 8.79 |
| Movement | -0.7% | -2.4% | -5.3% |
| Comment |
The formation of a developing symmetrical triangle pattern remains of interest. Remains below its 200-day SMA. Upside price momentum is supportive.
Our profit target is $100.00 with a trailing stop-loss at $88.00. |
The formation of a symmetrical triangle, coupled with the potential for an upside breakout that aligns with prevailing market momentum, remains of interest. Crossed below its 200-day SMA. Downside price momentum is a concern.
Our profit is $651.00 with a trailing stop-loss at $534.00. |
The ability of the price to hold firm around historically active trading ranges remains of interest. Dipped below its 200-day simple moving average. Downside price momentum is a concern.
Our profit target is $11.50 with a trailing stop-loss at $8.50. |
| Time to exit | 17 December 2025 | 9 January 2026 | 22 December 2025 |
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