Pinterest: Positive Signs Lining Up

 

  • Pinterest is starting to see positive signs with the stock stabilizing above $20.
  • Social media peer Snap provided a positive sign the ad market has stabilized potentially at a higher level.
  • The company has the CEO in place to explore social commerce and boost ARPU placing the forward P/S multiple at 4.5x as historically cheap.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 
While Pinterest (NYSE:PINS) was one of the first companies to feel the pinch from normalized covid demand, the social media company is now starting to see positive signs of a turnaround. The market got far too negative on the sector with the stock stabilizing around the pre-covid levels of $20. My investment thesis is ultra Bullish on the stock still trading in the bargain bin.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

Update - Sept. 9 
Pinterest looking good here with the stock breaking a lot of strong resistance around $25. 
 
Finviz Chart

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