Trade Idea: Capped Bonus Certificate on Airbnb

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According to analysts at Bernstein, Airbnb presents a 30% potential upside as peers begin to slow, and ancillary revenue announcements in 2024 as key catalysts.
Airbnb shares offer an attractive entry point for investors after the recent pullback. Shares of Airbnb have slumped 13% since the start of the month and sit lower even after the company posted in-line second-quarter results and lifted average daily rate and margin guidance. Despite the recent pullback, analysts at Bernstein remain bullish on the long-term outlook for the travel company which they believe has one of the fastest core top- and bottom-line growth.

An attractive opportunity to invest in a bullish outlook on Airbnb is provided by a Capped Bonus Certificate. This product offers an upside participation on the stock until the Cap of 130% of the current spot price of Airbnb and a Bonus Level of 127.48% as long as the Barrier of 60% has not been touched.

Source: CNBC August 2023


Underlying at a glance (Source: Vontobel, 30/08/2023)

Ticker Description ESG Rating Market Cap (CHF Mio)
ABNB UW Airbnb Inc. BB 50,778




Historical prices normalized to 100


Source: Vontobel, 30/08/2023




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