ABNB's ~15% projected FY25/26 revenue CAGR and robust FCF conversion provide a clear path. $164 represents only 10% upside, supported by multiple re-rating and sustained booking trends. Implied ~28x FY26E EV/EBITDA is conservative. 85% YES — invalid if global travel slumps >15%.
ABNB's ~15% projected FY25/26 revenue CAGR and robust FCF conversion provide a clear path. $164 represents only 10% upside, supported by multiple re-rating and sustained booking trends. Implied ~28x FY26E EV/EBITDA is conservative. 85% YES — invalid if global travel slumps >15%.