Why Pinterest is a Visual Search Engine Worth Investing In
November 10, 2022
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Pinterest Stock Fair Value – Pinterest ($NYSE:PINS) is a visual search engine that allows users to find ideas and inspiration for their life and work. January Mbuvi researched and wrote this article on Pinterest, Inc. as an investment thesis.
The Company offers a highly-visual discovery platform that helps everyone find things to do, whether they are planning a trip, redecorating their home, or finding a perfect gift. The company has a strong business model, is profitable, and has a good growth potential.
Price History
The company has been in the news lately for its IPO, which was priced at $22.4 per share. However, on Wednesday, the stock dropped by 5.9% to close at $21.3 per share. Despite this, the company has received mostly positive media coverage.
VI Analysis – Pinterest Stock Fair Value Calculator
PINTEREST‘s long term potential is reflected in its fundamentals, which are relatively simple to understand using the VI app. The company’s intrinsic value is around $51.3 per share, as calculated by the VI Line. However, the stock is currently only trading at $21.3, which represents a 58% discount to its true value.
VI Peers
The social media landscape is constantly changing and evolving, which can make it hard to keep up with the competition. The company has been growing in popularity in recent years, but faces stiff competition from other social media giants such as Meta Platforms Inc, Twitter Inc, and Snap Inc.
– Meta Platforms Inc ($NYSE:TWTR)
Twitter, Inc. is an American microblogging and social networking service on which users post and interact with messages known as “tweets”. Registered users can post, like, and retweet tweets, but unregistered users can only read them. The company was founded in March 2006 by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams and has more than 24,000 employees.
– Twitter Inc ($NYSE:SNAP)
Snap Inc has a market cap of 15.45B as of 2022. The company has a Return on Equity of -20.9%. Snap Inc is a camera company. The company’s flagship product, Snapchat, is a camera app that allows users to take photos, record videos, add text and drawings, and send them to recipients.
Summary
There are a number of reasons why Pinterest is a visual search engine worth investing in. For one, Pinterest has a large and engaged user base that is growing rapidly. Finally, Pinterest has a strong monetization strategy, and its revenue is growing quickly.
