PINS - Pinterest: Acceleration Is Rare In This Environment
2024-02-11 22:30:05 ET
Summary
- Pinterest's stock has seen accelerating revenue trends and a dip after reporting Q4 results, creating a buying opportunity.
- The platform's purpose-driven user base and easily monetized content make it appealing to advertisers.
- PINS's user growth in international markets, strong click-through rates, high gross margins, and cost discipline contribute to its long-term bull case.
- Adjusted EBITDA has been nearly doubling y/y, demonstrating the company's operating leverage and commitment to cost discipline.
For the most part, the stock market and underlying stocks' fundamentals have been in a state of disconnect since the furious rally that began in November. Most companies are still reporting slowdowns in revenue growth driven by elongated macro pressures, even though the S&P 500 freshly hit records above 5,000....
Pinterest: Acceleration Is Rare In This Environment