Why Jim Cramer Thinks Airbnb Stock Could Go Higher

Airbnb  (ABNB) - Get Report was initiated at Jeffries as a buy on Monday, Jan. 4. 

The company went public late last year. 

Year-to-date, it's down about 4.3% and, as of intraday trading on Monday, the stock was trading around $140 a share. 

Jim Cramer explains why he likes the stock.

WATCH: Everything Jim Cramer Is Watching in the Markets Monday

2020’s Most Popular Videos From TheStreet and Jim Cramer:

• Coronavirus: The Latest Numbers on the COVID-19 Pandemic
• Tesla Stock: Jim Cramer Explains What Wall Street Still Can't Understand
• Jim Cramer Talks Stimulus Checks, Markets, and His Top Stock Picks
• How Markets Navigated 2020 'Storm:' Winners and Losers
• 5 Coolest Auto Reveals of 2020
• How to Know When a Stock Bottoms Out on Bad News
• Airbnb Lifts IPO Pricing to $60, Looking to Raise $3 Billion
• Jim Cramer Eyeing Similarities to Dot-Com Bubble but Still Buying Opportunities
• Look Out for These Changes to Social Security and Medicare in 2020