2024-05-01 16:15:37 ET
Summary
- Pinterest is experiencing major user growth with a 12% year-over-year increase in MAUs to 518 million.
- The company is focusing on improving user engagement and monetization through AI-driven content and ad formats.
- Pinterest's Q1'24 revenue guidance and strong financials suggest sustainable high teens growth and potential for solid shareholder returns.
- PINS stock is reasonably valued at 20x forward EPS targets.
Pinterest Stock Surges After Reporting Q1 Earnings
Pinterest, Inc. ( PINS ) is back in major growth mode as the company pushes through solid user growth while the monetization story remains the major catalyst. The social imaging stock has rightfully surged on the news. My investment thesis remains ultra-bullish on the stock as the record year unfolds as predicted....
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Pinterest Q1 Earnings: Multiple Ways To Win