Pinterest: Upgrading To Buy As Company Inflects On GAAP Profitability

Rich Polk With markets soaring, it is time to take another look at Pinterest (NYSE:PINS) given the recent underperformance. The company has executed strongly over the past year, capitalizing on AI tailwinds as well as integrating third party advertisements into its platform. Management has guided for solid double-digit top-line growth over the next few years, which may be enough to justify the premium valuation. Given the rising valuations all around, I hesitantly feel comfortable about upgrading PINS t ...