7/2/2023 0 Comments Pinterest nyse pins![]() ![]() ![]() As per the chart presented below, Pinterest's outperformance relative to the broader market came in late-April and early-May, which coincided with the time that PINS reported its Q1 2022 earnings. PINS's shares were down -6.4% in the past month, which was relatively better than the -9.8% drop for the S&P 500 during the same period. The mixed 5-year outlook for the company supports my Neutral view and Hold rating assigned to PINS. ![]() On the other hand, PINS' future growth prospects over the next couple of years could be adversely impacted by further search algorithm changes and stiffer competition posed by competitors with deeper pockets. In five years' time, Pinterest should be a company with a greater percentage of revenue derived from international markets and one boasting substantial growth in user-generated content boosted by new products such as Idea Pins. For this article, I review PINS' recent quarterly results, its near-term outlook, catalysts, and long-term growth prospects. In that article, I mentioned that Pinterest's shares "returning to the $50 level might be very challenging", as "PINS' valuations have de-rated because of slower revenue growth expectations." Since then, Pinterest's stock price has pulled back from $24.72 (price at time of publication of my earlier update) to $21.49 as of May 16. I previously wrote about PINS in an article published on February 18, 2022. 5./15 WEST/iStock Unreleased via Getty Images Elevator Pitch ![]()
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