May 21, 2024

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Are Laptop or computer and Technologies Shares Lagging Airbnb (ABNB) This Calendar year?

2 min read

The Personal computer and Technological know-how team has a lot of fantastic stocks, but buyers should often be wanting for corporations that are outperforming their peers. Has Airbnb, Inc. (ABNB) been just one of those stocks this year? By taking a seem at the stock’s 12 months-to-date performance in comparison to its Laptop and Technological innovation friends, we may well be equipped to answer that problem.

Airbnb, Inc. is a member of the Personal computer and Engineering sector. This group contains 643 specific stocks and at the moment retains a Zacks Sector Rank of #6. The Zacks Sector Rank involves 16 various teams and is stated in buy from ideal to worst in phrases of the normal Zacks Rank of the individual firms in just about every of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to come across shares with improving earnings outlooks. This method has a lengthy history of success, and these shares are likely to be on keep track of to defeat the current market around the subsequent 1 to a few months. Airbnb, Inc. is currently sporting a Zacks Rank of #2 (Get).

Around the previous three months, the Zacks Consensus Estimate for ABNB’s total-year earnings has moved 20.6% greater. This signals that analyst sentiment is enhancing and the stock’s earnings outlook is additional good.

Based on the most latest data, ABNB has returned 28.3% so significantly this year. In the meantime, the Pc and Technological innovation sector has returned an typical of 20.3% on a calendar year-to-date basis. This means that Airbnb, Inc. is performing far better than its sector in conditions of calendar year-to-day returns.

A single other Laptop and Engineering stock that has outperformed the sector so much this year is Palo Alto Networks (PANW). The inventory is up 37.5% yr-to-date.

Around the past a few months, Palo Alto Networks’ consensus EPS estimate for the recent yr has amplified 52.7%. The stock currently has a Zacks Rank #1 (Powerful Acquire).

Searching much more particularly, Airbnb, Inc. belongs to the Net – Information marketplace, a team that features 16 unique stocks and presently sits at #28 in the Zacks Sector Rank. Shares in this group have obtained about 17.6% so far this calendar year, so ABNB is executing greater this group in phrases of calendar year-to-date returns.

In distinction, Palo Alto Networks falls less than the Security industry. Currently, this industry has 7 shares and is ranked #45. Considering the fact that the commencing of the calendar year, the sector has moved +29.5%.

Investors fascinated in the Computer system and Engineering sector may possibly want to maintain a close eye on Airbnb, Inc. and Palo Alto Networks as they endeavor to go on their good performance.

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Airbnb, Inc. (ABNB) : Free Inventory Assessment Report

Palo Alto Networks, Inc. (PANW) : Free Stock Evaluation Report

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