PINS

Pinterest Inc - Ordinary Shares - Class A

TMT


Presented:06/13/2024
Price:$43.23
Cap:$29.53B
Current Price:$33.67
Cap:$23.10B

Presented

Date06/13/2024
Price$43.23
Market Cap$29.53B
Ent Value$20.91B
P/E Ratio204.98x
Book Value$4.61
Div Yield0%
Shares O/S683.17M
Ave Daily Vol8,930,472
Short Int2.18%

Current

Price$33.67
Market Cap$23.10B
Pinterest, Inc. engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.

Publicly traded companies mentioned herein: Amazon.com Inc (AMZN), Alphabet Inc (GOOGL), JPMorgan Chase & Co (JPM), Meta Platforms Inc (META), Pinterest Inc (PINS), Walmart Inc (WMT)

Highlights

The presenter is long shares of Pinterest Inc (PINS) as the company transitions from a branding platform to a commerce platform. With recent updates to its tech stack allowing for a more competitive ad platform along with scaling third-party partners, he believes the company can sustain 20%+ revenue growth. He reaches a $60 price target based on his 2025 EBITDA without multiple expansion from the current 20x - 21x.

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Idea Discussion

Commentor 1 - 2 weeks ago

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