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home / news releases / PINS - Pinterest: Upgrading To Buy As Company Inflects On GAAP Profitability

PINS - Pinterest: Upgrading To Buy As Company Inflects On GAAP Profitability

Pinterest Inc. Class A

2024-03-16 09:46:28 ET

Summary

  • Pinterest has underperformed the market and tech peers as of late - but that underperformance may have created an attractive entry point.
  • Management is projecting an acceleration in top-line growth over the coming years.
  • The company maintains a net cash balance sheet and is robustly profitable.
  • I am upgrading the stock to a buy as I expect an inflection towards GAAP profitability.

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For further details see:

Pinterest: Upgrading To Buy As Company Inflects On GAAP Profitability
Stock Information
Company Name: Pinterest Inc. Class A
Stock Symbol: PINS
Market: NYSE
Website: pinterest.com
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