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Pinterest: Spooktacular Quarter

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  • Pinterest, Inc. reported record Monthly Average Users while smashing Q3 2023 targets.
  • The company is generating substantial leverage leading to strong cash flows.
  • The stock is cheap at only ~20x updated EPS targets for 2024, while the social commerce opportunity is still only in the early stages.
  • Out Fox The Street members get exclusive access to our real-world portfolios. See all of our investments here » 
While other social media stocks fell following Q3 '23 results, Pinterest, Inc. (NYSE:PINS) is soaring after reporting good quarterly numbers. The social imaging company still isn't seeing the big benefits from social commerce, but Pinterest is definitely back in growth mode. My investment thesis is ultra Bullish on the stock following the recent dip back to the mid-$20s.

Read the full article on Seeking Alpha. 

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

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