Airbnb Stock (NASDAQ:ABNB), Trade Ideas

Airbnb

Started in 2008, Airbnb is the world's largest online alternative accommodation travel agency, also offering booking services for boutique hotels and experiences. Airbnb's platform offered 7.7 million active accommodation listings as of Dec. 31, 2023. Listings from the company's over 5 million hosts are spread over almost every country in the world. In 2023, 50% of revenue was from the North American region. Transaction fees for online bookings account for all its revenue.

AirBNB.Shutterstock

News

Downgrades

Price Target

Initiation

Travel

Analyst Ratings

Trading Ideas

ABNB

BKNG

EXPE

PTEC

Airbnb stock gained over 40% in the last 12 months, but the market has an overly optimistic view of its potential to leverage AI.

Airbnb Faces Growth Hurdles Despite Strong Consumer Preference, Analysts Warn

solar eclipse ai2

Education

Tech

General

SPDR Dow Jones Industrial Average ETF Trust

A total solar eclipse was visible by portions of the United States on April 8, 2024. Many people went outside to enjoy the event and stopped using the internet.

2024 Solar Eclipse: When The Sun Took A Break, So Did The Internet

Markets

AMZN

While some investors often look to the stars for strategies, one unique analysis sheds light on how the stock market responds to solar eclipses in the U.S.

Eclipse Economics: Dow Climbs After 10 Of 13 Solar Events

Airbnb Inc

WIIM

UPS shares are trading higher following mixed Q1 financial results.

<p><strong>Adient PLC&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADNT#NYSE">ADNT</a>) has put forward restructuring plans in&nbsp;<a target="_blank" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1670541/000167054124000065/adnt-20240331.htm" rel="noreferrer noopener">Europe&nbsp;</a>to reduce operating, administrative&nbsp;and&nbsp;engineering costs.&nbsp;</p>
<p>The plan primarily consists of workforce reductions and the transfer of work to countries with lower labor costs.</p>
<p>This move is in response to the changes in the European automotive market and to ensure the company's competitive cost structure by slashing labor costs and increasing efficiencies.</p>
<p>Adient expects a restructuring charge of approximately $125 million in the second quarter of fiscal year 2024, entirely related to termination benefits in Europe.</p>
<p>The restructuring actions mentioned will occur in fiscal 2025 and 2026 and&nbsp;are expected&nbsp;to be completed by fiscal 2027.</p>
<p>The restructuring activity&nbsp;is expected&nbsp;to result in&nbsp;the annual&nbsp;operating cost reduction of $60 million.</p>
<p>As of September 2023, Adient had 70,000 employees worldwide, with about 42%&nbsp;of them&nbsp;working in the Europe, Middle East and Africa (EMEA) region, reported Reuters.</p>
<p>Strikes by the United Automotive Workers (UAW) affected production volumes,&nbsp;affecting&nbsp;sales in the December quarter.</p>
<p>Adient supplies seats to automotive majors, including&nbsp;<strong>Ford Motor Co&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>),&nbsp;<strong>General Motors Co</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>),&nbsp;<strong>Stellantis N.V.&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>),&nbsp;<strong>Volkswagen AG&nbsp;</strong>(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) and&nbsp;<strong>Renault SA&nbsp;</strong>(OTC:<a class="ticker" href="https://www.benzinga.com/stock/RNSDF#OTC">RNSDF</a>).</p>
<p><strong>Price Action</strong>: ADNT shares closed higher by 0.55% at $28.99 on Monday.</p>
<p><em>Photo by Shuttershock</em></p>


Equities

Media

ADNT

RNSDF

STLA

VWAGY

Automotive Seating Maker Adient To Slash Jobs In Europe

Nucor shares are trading lower after the company reported worse-than-expected Q1 financial results.

<p>Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) reported quarterly earnings of $0.76 per share which beat the analyst consensus estimate of $0.74 by 2.7 percent. This is a 5.56 percent increase over earnings of $0.72 per share from the same period last year.  The company reported quarterly sales of $5.804 billion which beat the analyst consensus estimate of $5.668 billion by 2.39 percent.  This is a 2.24 percent increase over sales of $5.677 billion the same period last year.</p>


Earnings

Earnings Beats

Halliburton Q1 2024 Adj EPS $0.76 Beats $0.74 Estimate, Sales $5.804B Beat $5.668B Estimate

<p>Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) reported quarterly earnings of $2.04 per share which beat the analyst consensus estimate of $1.86 by 9.68 percent. This is unchanged from the same period last year.  The company reported quarterly sales of $2.366 billion which beat the analyst consensus estimate of $2.287 billion by 3.46 percent.  This is a 1.50 percent increase over sales of $2.331 billion the same period last year.</p>


Quest Diagnostics Q1 2024 Adj EPS $2.04 Beats $1.86 Estimate, Sales $2.366B Beat $2.287B Estimate

<p>MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) reported quarterly earnings of $3.52 per share which beat the analyst consensus estimate of $3.45 by 2.03 percent. This is a 12.1 percent increase over earnings of $3.14 per share from the same period last year.  The company reported quarterly sales of $679.965 million which missed the analyst consensus estimate of $684.135 million by 0.61 percent.  This is a 14.82 percent increase over sales of $592.218 million the same period last year.</p>


Earnings Misses

MSCI

MSCI Q1 2024 Adj EPS $3.52 Beats $3.45 Estimate, Sales $679.965M Miss $684.135M Estimate

PENN

PENN Entertainment shares are trading higher after Truist Securities upgraded the stock from Hold to Buy.

GE Aerospace  shares are trading higher following Q1 financial results.

Shares of automakers are trading higher after General Motors raised its 2024 financial outlook.

JBLU

JetBlue Airways shares are trading lower after the company reported Q1 financial results and issued worse-than-expected Q2 and FY24 Revenue outlook.

<p>Truist Securities  analyst Nicole Germino   initiates coverage on Insmed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSM#NASDAQ">INSM</a>) with a Buy rating and announces Price Target of $48.</p>


INSM

Truist Securities Initiates Coverage On Insmed with Buy Rating, Announces Price Target of $48

Xerox Holdings Corp shares are trading lower after the company reported worse-than-expected Q1 results and reiterated FY24 guidance.

Ermenegildo Zegna Posts 8% Y/Y Increase In Q1 Revenue To €463.2M

<p>Truist Securities  analyst Barry Jonas   upgrades PENN Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) from Hold to Buy and maintains the price target from $23 to $23.</p>


Upgrades

Truist Securities Upgrades PENN Entertainment to Buy, Maintains Price Target to $23

IBRX

ImmunityBio shares are trading higher after the company announced FDA approval of ANKTIVA.

<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
<p><strong>Second Quarter and Full Year 2024 Outlook</strong></p>
</td>
<td colspan="1" rowspan="1">
<p><strong>Estimated 2Q 2024</strong></p>
</td>
<td colspan="1" rowspan="1">
<p><strong>Estimated FY 2024</strong></p>
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
<p>Available Seat Miles (&quot;ASMs&quot;) Year-Over-Year</p>
</td>
<td colspan="1" rowspan="1">
<p>(5.0%) - (2.0%)</p>
</td>
<td colspan="1" rowspan="1">
<p>Down low single digits</p>
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
<p>Revenue Year-Over-Year</p>
</td>
<td colspan="1" rowspan="1">
<p>(10.5%) - (6.5%)</p>
</td>
<td colspan="1" rowspan="1">
<p>Down low single digits</p>
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
<p>CASM Ex-Fuel (1) Year-Over-Year (2)</p>
</td>
<td colspan="1" rowspan="1">
<p>5.5% - 7.5%</p>
</td>
<td colspan="1" rowspan="1">
<p>Up mid-to-high single digits</p>
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
<p>Fuel Price per Gallon (3), (4)</p>
</td>
<td colspan="1" rowspan="1">
<p>$2.98 - $3.13</p>
</td>
<td colspan="1" rowspan="1">
<p>-</p>
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
<p>Capital Expenditures</p>
</td>
<td colspan="1" rowspan="1">
<p>~$550 million</p>
</td>
<td colspan="1" rowspan="1">
<p>~$1.6 billion</p>
</td>
</tr>
</tbody>
</table>


Guidance

JetBlue Airways Capex Outlook: Q2 ~$550M, FY24 ~$1.6B

<p><strong>Elon Musk</strong>, CEO of <strong>Tesla Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), has given a nod of approval to ARK Invest&#8217;s analysis of the company&#8217;s Q1 expectations.</p>
<p><strong>What Happened</strong>: Musk acknowledged ARK Invest&#8217;s analysis of Tesla&#8217;s Q1 expectations by commenting &#8220;Accurate&#8221; on<strong> Tasha Keeney</strong>&#8216;s interview with CNBC&#8217;s Last Call, posted on social media platform X on Tuesday.</p>
<p>ARK Invest&#8217;s Director of Investment Analysis &amp; Institutional Strategies,<strong> Tasha Keeney</strong>, expressed her views, stating, &#8220;I wouldn&#8217;t be surprised about some short-term upsets, but I think the long-term story is EVs are here to stay. Tesla&#8217;s prices are so competitive. It&#8217;s going to be very hard for any other company to catch up to them at this point.&#8221; </p>
<p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><br />
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Accurate</p>
<p>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1782634001271816516?ref_src=twsrc%5Etfw">April 23, 2024</a></p></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<p></p></figure></p>
<p>ARK Invest has set a price target for Tesla at $2000 by 2027.</p>
<p><em>See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38348301/bitcoin-halving-elon-musks-dogecoin-tweet-solanas-rise-and-more-this-week-in-cryptocurrenc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Halving, Elon Musk&#8217;s Dogecoin Tweet, Solana&#8217;s Rise And More: This Week In Cryptocurrency</a></em></p>
<p><strong>Why It Matters</strong>: This comes ahead of Tesla&#8217;s Q1 earnings, which are due to be released on Tuesday. The company&#8217;s stock has been the subject of much speculation and activity recently. </p>
<p>ARK Invest, led by <strong>Cathie Wood</strong>, made significant trades involving Tesla on Monday, acquiring <a href="https://www.benzinga.com/markets/equities/24/04/38368840/cathie-woods-ark-invest-seizes-tesla-dip-acquires-over-17m-in-shares-ahead-of-q1-results-zoom-st">over $17 million in shares</a>. </p>
<p>Earlier, this month the company reported that it delivered 386,810<strong> </strong>vehicles in <a href="https://www.benzinga.com/markets/equities/24/04/38047077/tesla-stock-dives-as-q1-deliveries-disappoint-but-ev-giant-reclaims-top-spot-from-chinese-rival">the first quarter</a>, down from 422,875 a year earlier. Production figures were also lower, at 433,371 compared to 440,808<strong> </strong>units in the year-ago period. This marks Tesla's first year-over-year decline in deliveries since pandemic-hit 2020.</p>
<p>Analysts are also cautious about Tesla&#8217;s Q1 earnings, with some questioning whether the company is still a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38367087/tesla-q1-earnings-preview-is-ev-giant-no-longer-a-growth-stock-analysts-cautious-wa">growth stock</a>. The company has also faced internal challenges, including recent <a href="https://www.benzinga.com/news/24/04/38361822/tesla-layoffs-hit-marketing-team-retracts-advertising-push">layoffs in its marketing</a> team.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38346682/shiba-inu-army-cheers-as-burn-rate-soars-172-price-rebounds?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Army Cheers As Burn Rate Soars 172%, Price Rebounds</a></em></p>
<p>Image Via Shutterstock </p>
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Global

TSLA

Elon Musk Reacts As ARK Invest Analyst Says 'It's Going To Be Very Hard' For Tesla Rivals 'To Catch Up To Them' In Pricing: 'Accurate'

<p><strong>2024 Guidance</strong></p>
<ul>
<li>Revenue: decline of 3% to 5% in constant currency</li>
<li>Adjusted Operating Margin: at least 7.5%</li>
<li>Free cash flow: at least $600 million</li>
</ul>


Xerox Holdings Corp Reiterated FY24 Revenue Decline of 3%-5% in Constant Currency Vs $6.59B Est

JetBlue Airways Revenue Growth Outlook: Q2 (10.5%) - (6.5%), FY24 Down Low Single Digits

<p>Baird  analyst Timothy Wojs   maintains Simpson Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) with a Outperform and lowers the price target from $215 to $208.</p>


Baird Maintains Outperform on Simpson Manufacturing Co, Lowers Price Target to $208

Airbnb: Growing With Global Travel Market Recovery

There's a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Airbnb (ABNB – Research Report) and The Estée...

Analysts Offer Insights on Consumer Cyclical Companies: Airbnb (ABNB) and The Estée Lauder Companies (EL)

How is QQQ stock faring? The&nbsp;Invesco QQQ ETF&nbsp;is down 2.34% in the past 5 days but has risen about 36% over the past year.&nbsp; According...

QQQ ETF Update, 4/17/2024

ClearBridge Multi Cap Growth Strategy Q1 2024 Portfolio Manager Commentary

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>U.S. stocks sold off on Friday due to a number of reasons, including increased geopolitical tensions, higher-than-expected inflation figures, as well as elevation valuation. If the current macroeconomic environment persists, investors are likely to come up with a list of stocks to avoid in the near term.</p>



<p>Moreover, the earnings season isn&rsquo;t off to a good start after <strong>JPMorgan Chase </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/jpm-stock-quote/"><strong>JPM</strong></a></span>) stock fell more than 6% after the banking giant <a href="https://tokenist.com/jpmorgan-chase-reports-strong-start-to-2024-with-record-earnings-and-strategic-growth/" target="_blank">released its first-quarter results</a>. CEO Jamie Dimon also cautioned about persistent inflationary pressures and geopolitical tensions.&nbsp;</p>



<p>Risk assets are likely to stay under pressure amid reports of potential conflict between Israel and Iran, adding to inflation concerns alongside fresh U.S. imports data. Iran&rsquo;s Saturday attack on Israel spurred a flight to safety trade, strengthening the dollar and causing risk assets to sell off.&nbsp;</p>



<p>While markets were closed over the weekend, <strong>Bitcoin </strong>(<a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a>) and other digital coins fell sharply after Israel experienced its first direct attack from Iranian territory. Israel said it neutralized 99% of the 300 identified threats aimed at its soil.&nbsp;</p>



<p>The onslaught of drones and missiles was allegedly retaliatory for a suspected Israeli strike that resulted in the death of senior Iranian officials in Syria. The increased tensions are likely to push risk assets lower, like high-growth <a href="https://investorplace.com/industries/technology/">tech stocks</a> and cryptocurrencies.&nbsp;</p>



<p>Let&rsquo;s take a look at the top three stocks to avoid in April due to heightened geopolitical risks and market pressures.</p>



<h2>Robinhood Markets (HOOD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/hood1600-300x169.png" alt="The Robinood app logo with the Robinhood (HOOD) website logo in the background."><div>Source: Fluna nightEtJ / Shutterstock.com</div></div><p><strong>Robinhood Markets</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/hood-stock-quote/"><strong>HOOD</strong></a>) is a financial services company known for its commission-free trading app. Founded in 2013, it offers users access to stocks, options, ETFs, and cryptocurrencies with no trading fees.</p>



<p>Robinhood stock is likely to stay under pressure near-term due to the challenging geopolitical situation in the Mideast, as well as due to the rating downgrade at <strong>Citi Research</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/c-stock-quote/"><strong>C</strong></a>). The bank&rsquo;s equity analysts <a href="https://www.streetinsider.com/Downgrades/Citi+Downgrades+Robinhood+Markets+%28HOOD%29+to+Sell/23053520.html" target="_blank">downgraded</a> Robinhood stock from Neutral to Sell, setting a price target of $16.00 (up from $13.00).&nbsp;</p>



<p>Citi noted HOOD&rsquo;s strong 2024 start, up 44% year-to-date, largely attributed to rising BTC prices. However, Citi believes valuation has disconnected from fundamentals, posing risks on potential BTC price pullback, slower retail activity, or market downturn, despite improved fundamentals.&nbsp;</p>



<p>Robinhood stock is already trading pressure given the pullback in cryptocurrency prices following the attack on Israel on Saturday. These reasons make HOOD one of the stocks to avoid in April.</p>



<p>&ldquo;We acknowledge fundamentals have improved in recent periods (healthy trading activity, AUC and deposit growth), which are driving an increase to our forward estimates/PT. But we see risks to the stock here on any material pullback in BTC prices,&rdquo; Citi analysts said.</p>



<h2>Arista Networks (ANET)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/anet-stock-300x169.jpg" alt="Arista Networks, Inc. (ANET) logo displayed on top of a building"><div>Source: Sundry Photography / Shutterstock.com</div></div><p><strong>Arista Networks</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/anet-stock-quote/"><strong>ANET</strong></a>) is a provider of cloud networking solutions. Founded in 2004, it specializes in high-performance, scalable, and reliable network platforms for large data center and computing environments.&nbsp;</p>



<p>Arista stock tumbled last week after Rosenblatt analysts <a href="https://finance.yahoo.com/video/arista-double-downgraded-rosenblatt-valuation-200046647.html">cut</a> their rating on the company&rsquo;s shares. More precisely, Rosenblatt double downgraded ANET stock from Buy to Sell with a price target, signaling caution about the stock&rsquo;s near-term outlook.&nbsp;</p>



<p>Rosenblatt expressed concerns about Arista&rsquo;s potential in AI Data Center networking, suggesting that while Ethernet is promising, Arista may not benefit as much as expected. He believes Arista&rsquo;s AI opportunity is smaller than perceived, leading to an inflated stock price, a commentary which directly affected ANET stock.</p>



<p>&ldquo;The company will likely continue to gain Enterprise share, but this type of business typically does not support super-high operating margins and super-premium EPS multiples,&rdquo; Rosenblatt analysts said.</p>



<p>Moreover, Arista is a high-growth tech stock that is likely to trade under pressure given the sensitive situation in the Middle East.</p>



<h2>Airbnb (ABNB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/abnb-1600-3-300x169.png" alt="Girl holding smartphone with Airbnb app on screen. City and bay with some boats in the background. Rio de Janeiro, Brazil. ABNB Stock."><div>Source: Diego Thomazini / Shutterstock</div></div><p><strong>Airbnb </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/abnb-stock-quote/"><strong>ABNB</strong></a>) operates an online marketplace for lodging, primarily homestays for vacation rentals and tourism activities. Despite facing challenges, the company remains a dominant force in the alternative accommodations market.&nbsp;</p>



<p>Last week, Needham &amp; Company downgraded Airbnb stock from Buy to Hold and removed its price target, citing challenges for the company to expand beyond its core. Needham believes the market is overly optimistic about ABNB&rsquo;s potential to disrupt the global OTA industry with artificial intelligence.&nbsp;</p>



<p>&ldquo;With the stock trading at a premium to peers relative to growth we are moving to the sidelines,&rdquo; stated Needham &amp; Company analysts.</p>



<p>This is the third downgrade which ABNB stock faced this year, following such actions at DA Davidson and Phillip Securities.&nbsp;</p>



<p>&ldquo;With no positive revenue impact from these new &ldquo;beyond-the-core&rdquo; expansion initiatives likely until CY&rsquo;25 and our expectation of a more normalized growth trajectory for ABNB&rsquo;s core accommodations business, we expect it may prove difficult for ABNB shares to maintain the magnitude of its valuation premium vs. peers,&rdquo; DA Davidson analysts <a href="https://www.streetinsider.com/Analyst+Comments/DA+Davidson+Downgrades+Airbnb+Inc.+%28ABNB%29+to+Neutral+Citing+Valuation/22773216.html" target="_blank">wrote</a>.</p>



<p><em>On the date of publication, Shane Neagle did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://protect-us.mimecast.com/s/XtC3C1wq33iErOvYSGOsXg?domain=investorplace.com/">Publishing Guidelines</a>.</em></p>
<div><p>Shane Neagle is fascinated by the ways in which technology is poised to disrupt investing. He specializes in fundamental analysis and growth investing.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/3-stocks-to-avoid-according-to-wall-street-analysts-april-2024/">3 Stocks to Avoid According to Wall Street Analysts: April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Stocks to Avoid According to Wall Street Analysts: April 2024

How is SPY stock faring? The SPDR S&P 500 ETF Trust&nbsp;is down 2.79% in the past 5 days but has risen more than 23% over the past year. According...

SPY ETF Update, 4/18/2024

How is QQQ stock faring? The&nbsp;Invesco QQQ ETF&nbsp;is down 3.83% in the past 5 days but has risen about 35% over the past year.&nbsp; According...

QQQ ETF Update, 4/19/2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>While revenge travel may be a fading concept, consumers still value accruing their vacation hours, potentially boding well for certain <a href="https://investorplace.com/industries/consumer-discretionary/travel/">travel stocks</a> to buy now.</p>



<p>According to a Deloitte report, we may be moving into a <a href="https://www.hoteldive.com/news/travelers-prioritize-experiences-over-hotel-class-deloitte/705719/#:~:text=from%20your%20inbox.-,Travelers%20to%20prioritize%20experiences%20over%20hotel%20class%20in%202024%3A%20Deloitte,according%20to%20a%20new%20study.">new era of travel prioritization</a>. Per Hotel Dive&rsquo;s summary of the analysis, &ldquo;The report found that&nbsp;<a href="https://www.hoteldive.com/news/2024-hospitality-industry-trends/704159/?preview_gate=1">travelers are most likely to splurge on in-destination experiences</a>, lodging location and destination distance.&rdquo; So, the desire to explore hasn&rsquo;t diminished. Rather, certain preferences may have shifted.</p>



<p>Plus, expenditure data shows that people are still opening their wallets. That being the case, it&rsquo;s a great time to consider travel stocks to buy now.</p>



<h2>Hilton (HLT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/hlt1600-300x169.jpg" alt="the sign in front of a Hilton (HLT) hotel"><div>Source: josefkubes / Shutterstock.com</div></div><p>One of the biggest brands in the lodging industry, <strong>Hilton</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/hlt-stock-quote/"><strong>HLT</strong></a>) engages in managing, franchising, owning and leasing hotels and resorts. It operates through two segments: Management and Franchise, along with Ownership. Fundamentally, HLT stock faces stiff competition from the sharing economy, namely <strong>Airbnb</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/abnb-stock-quote/"><strong>ABNB</strong></a>). Nevertheless, Airbnb may be losing its luster.</p>



<p>Increasingly, I&rsquo;ve been reading up on some <a href="https://www.theinvisibletourist.com/why-you-shouldnt-use-airbnb-issues-you-didnt-know/">horror stories</a> about the company and its users&rsquo; experiences. Granted, this is not the majority experience. However, it&rsquo;s worth noting that the company has a <a href="https://www.tipranks.com/stocks/abnb/forecast">hold consensus</a> among analysts. Also, its average price target of $147.07 implies an 8% downside risk.</p>



<p>On the other hand, experts rate HLT stock a <a href="https://www.tipranks.com/stocks/hlt/forecast">consensus moderate buy</a> with a $213.91 price target. That implies about 8% upside potential. However, the high-side estimate calls for a price per share of $254.</p>



<p>Analysts are also looking at revenue to reach $11.24 billion, up 9.8% from last year&rsquo;s haul of $10.23 billion. Overall, it could be an intriguing idea for travel stocks to buy now.</p>



<h2>United Airlines (UAL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/jets-airlines-airport-1600-300x169.jpg" alt="a close-up shot of an airplane engine"><div>Source: frank_peters / Shutterstock.com</div></div><p>As one of the top-tier names in the airline industry, <strong>United Airlines</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ual-stock-quote/"><strong>UAL</strong></a>) could be a huge beneficiary if travel sentiment truly picks up. What&rsquo;s intriguing about UAL stock is that the share price is heavily discounted relative to its pre-pandemic levels. Therefore, if the aforementioned prioritization occurs, United could enjoy a significant upside pathway.</p>



<p>One aspect to consider is the company&rsquo;s strong financial performance. In the trailing four quarters, the average surprise came out to 31.45%. Further, UAL recently popped higher on the underlying company&rsquo;s <a href="https://www.cnbc.com/2024/04/16/united-airlines-ual-1q-2024-earnings.html">strong earnings forecast</a>. Even with the boost, analysts&rsquo; average price target of $58.27 implies upside potential of over 13%. Further, the high-side target reaches an ambitious $75.</p>



<p>For fiscal 2024, experts anticipate revenue of $57.39 billion. That&rsquo;s up 6.8% from last year&rsquo;s print of $53.72 billion. Also, the most optimistic target calls for sales of $58.33 billion. In the following year, the top line could rise to $60.27 billion. Thus, it makes a reasonable case for travel stocks to buy now.</p>



<h2>Uber (UBER)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/uber1600-300x169.png" alt="Uber sign on its headquarters building in San Francisco, California, USA - June 6, 2023. Uber Technologies is a transportation conglomerate."><div>Source: JHVEPhoto / Shutterstock.com</div></div><p>As the company that launched the ride-sharing concept (and the concept of the sharing economy), <strong>Uber</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/uber-stock-quote/"><strong>UBER</strong></a>) is a powerhouse among travel stocks to buy now. What makes it compelling is that it&rsquo;s attacking the broader value chain. Yes, the core business will center on ride sharing. However, it&rsquo;s making big inroads into food deliveries and even shipping.</p>



<p>Regarding the ride-sharing unit, Uber presents two main avenues for growth. First, the service caters to everyday mobility needs. Second, when going abroad to places where English isn&rsquo;t the main language, the underlying app is a lifesaver. Basically, the traveler and the driver conduct business via the app, not with each other. So, there are less likely to be problems (i.e. scams).</p>



<p>Notably, <a href="https://www.tipranks.com/stocks/uber/forecast">analysts are quite bullish</a> on UBER stock, forecasting EPS of $1.28 for the current fiscal year. That&rsquo;s up from last year&rsquo;s result of 82 cents. On the top line, they&rsquo;re projecting sales of $40.79 billion or a growth rate of 16.2%. The next year, revenue could fly to $47.47 billion. For speculators, UBER is one of the travel stocks to buy now.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/3-travel-stocks-to-buy-now-q2-edition/">3 Travel Stocks to Buy Now: Q2 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Travel Stocks to Buy Now: Q2 Edition

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