top of page
Search

Pinterest Update (from Dec 2022)

  • Writer: Abacus Research
    Abacus Research
  • Feb 3, 2023
  • 1 min read

Why would you be interested in PINS now?


1. Pinterest user base has stabilised, ARPU continues to grow.

2. Expanding margins in 2023 and on

3. Potential cyclical tailwind / at least the comps get easy soon and the structural tailwind remains.


We see 60-70% upside in the shares.


A recessionary environment could see further erosion of growth for the next year or two. But we are convinced of Pinterest's prospects over the next five years.


 
 
 

Recent Posts

See All
Nebius & DigitalOcean: Inference Efficiency

(NBIS, DOCN) 1. The Core AI Thesis At the core of all AI theses there are two beliefs: Demand for intelligence is ~infinite — this still seems to be true, at leas there is no data to the contrary. Com

 
 
 
SEDG, ENPH, NVTS: Plays on 800V

Everybody knows about the 800V conversion that is coming. NVDA etc have released the specs. There are many parts to that ecosystem change. Most of them are not ‘free options’ whereas SEDG and ENPH mos

 
 
 
Axon:

Axon is shifting from selling individual tools to providing an interconnected ecosystem. Hardware like TASERs and cameras now act as "data generators" that feed directly into high-margin software modu

 
 
 

Comments

bottom of page