Pinterest: Big Snap Back
- Pinterest reports a mixed picture for Q3'21 with MAUs again down 13 million sequentially.
- The stock is soaring AHs based on solid guidance and a return to user growth in January.
- The stock trades at ~6x sales targets making Pinterest appealing here with a return to user growth and a long path towards higher ARPUs.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
-Pinterest could become the target for a potential takeover again after its shares fell 21% in the past month, Dealreporter speculated earlier in its "morning flash" piece, without citing any sources.
-The report highlighted PayPal's (NASDAQ:PYPL) interest last year in a potential deal with Pinterest, though PayPal in late October said it wouldn't pursue an acquisition of the art-sharing social media network. The report also mentioned Microsoft's (NASDAQ:MSFT) reported interest in a Pinterest deal from early last year, though it seems unlikely at this point given MSFT's pending $68B planned acquisition of Activision (NASDAQ:ATVI).