What Is the Airbnb Stock Symbol?

Airbnb is expected to go public in Q4 2017 or Q1 2018, but before it does, it will have to provide the SEC with pages and pages of pertinent information. This information includes revenue totals from previous years, the exchange the company plans to list its stock on, and the Airbnb stock symbol.

But until that paperwork is filed, an Airbnb stock symbol will not be created.

Airbnb stock symbolWhen there is an Airbnb IPO filing, we will alert Money Morning readers who have signed up for the IPO Watch alert in our free Profit Alerts service.

In the meantime, we've uncovered three opportunities to profit from Airbnb right now, even before the online hospitality service goes public.

Each of these publicly traded companies we're about to mention is currently a major supplier of tech services to Airbnb.

Two of these stocks have already provided market-beating gains in 2017. One stock has climbed 44.14%, and the other Airbnb supplier stock has climbed 32.32%. In comparison, the Dow Jones Industrial Average is up just 8%.

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But we're not mentioning these stocks because of previous returns. We're focused on the potential future double-digit gains listed below:

  • Airbnb Supplier Stock No. 3: 34.80%
  • Airbnb Supplier Stock No. 2: 50.16%
  • Airbnb Supplier Stock No. 1: 84.12%

We're going to let Wall Street focus on the Airbnb IPO while we eye these potential massive returns...

Before the Airbnb IPO Date, Focus on These Three Profit Plays

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Three major suppliers of Airbnb are New Relic Inc. (NYSE: NEWR), Box Inc. (NYSE: BOX), and Akamai Technologies Inc. (Nasdaq: AKAM).

Each of these companies provides cloud computing services for Airbnb. Having a huge client like Airbnb is impressive, and it's only going to help these three stocks climb.

You see, companies would rather pay to use a cloud computing service than build their own infrastructure. Paying a systems administrator to run a company's cloud could cost $120,000 or more per year, which doesn't include salary benefits.

In comparison, some of Box's business plans cost as little as $5 per month for secure file sharing and collaboration.

And the trend of "renting" cloud services is only going to grow...

For 2016, Statista projected global revenue for the enterprise cloud computing market was $48.7 billion. By 2019, that's expected to skyrocket to $80.7 billion in revenue.

That's a 65.70% increase in three years.

And because of this trend of increased cloud computing, analysts are projecting the stock prices for NEWR, BOX, and AKAM will provide double-digit returns.

For the NEWR stock price, Stephens Inc. expects it will climb to $55 per share in the next 12 months. From today's opening price of $40.80, that's a potential profit of 34.80%.

In the next 12 months, research firm Pacific Crest Securities projects the BOX stock price will climb to $27 per share. From today's opening price of $17.98, that's a potential profit of 50.16%.

But the biggest profit opportunity could be through AKAM stock.

Drexel Hamilton has a one-year price target of $90 per share for the AKAM stock price. From today's opening price of $48.88, that's a potential profit of 84.12%.

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