Pinterest Inc Class A
PINS: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$59.00 | Fmkjnb | Gvxrbhl |
Pinterest Q2 Revenue Growth Likely Feeling Pressure; FVE Lowered to $48, Shares Remains Undervalued
Business Strategy and Outlook
Pinterest, an online product and idea discovery company, is focused on carving out a piece of the global digital advertising space. While we don't expect Pinterest to displace online advertising behemoths Google and Facebook or up-and-coming Amazon, we do expect it to attract a small pinch of digital ad spending, which we estimate is an addressable market of more than $600 billion.