Buy Pinterest
Watch List stock Pinterest (PINS) trades nearly 39% under our fair value of $41, making today's stock price of about $25 a very attractive entry price. I'm adding it to the Buy List today.
I like what the company has been achieving under Bill Ready, who took over the CEO seat back in mid-2022. We've seen a resurgence in revenue growth (from +9% in 2023 to +19% in 2024), gross margins (76% to over 80%), and cash flow generation (free cash margin of 26% vs. 16% in 2022). We've also seen monthly active user (MAU) growth rebound, growing 11% last year. All of this has been achieved primarily through better "blocking and tackling" operations - making the platform as actionable as it can be, offering clients reasons to keep coming back, and maintaining Pinterest's uniquely positive and commercial vibe amongst social media platforms.
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Watch List
| WDAY | -13.18% |
| VEEV | 12.52% |
| PSTG | -7.13% |
| INTU | 14.19% |
| CMG | 31.78% |
| RDDT | 7.17% |
| NTNX | 17.22% |
| CRWD | 76.14% |
| SE | 19.26% |
| SNOW | 5.28% |
| APPF | 6.95% |
Buy List
| PINS | -37.54% |
| ASML | -25.06% |
| SEMR | -37.55% |
| TSM | -43.44% |
| ZETA | -32.89% |
| GOOG | -51.47% |
| NYAX | -30.39% |
| MSFT | -31.81% |
| ODD | -32.30% |
| ASR | -26.98% |
| FLYW | -44.52% |
| HRMY | -60.41% |
| YOU | -37.20% |
| ABNB | -33.55% |
| MELI | -26.26% |
| ADBE | -45.26% |
Hold List
| VTEX | -17.92% |
| CELH | 49.08% |
| TOST | 16.30% |
| CPNG | -14.83% |
| HIMS | -23.69% |
| PAYC | -21.14% |
| MNDY | 7.35% |
| GLBE | -24.43% |
| ZS | 23.06% |
| V | -7.38% |
| ADSK | -2.06% |
| NOW | -1.85% |
| FTNT | -4.90% |
| TEAM | -8.65% |