More long-term here, but seen a few puff pieces pop up about Pinterest.
Yahoo is now a part of Verizon Media
Plus this just came out regarding it (PINS):
12:55 PM EDT, 05/11/2020 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We maintain our Buy and $29 target given 1) impressive 26% Q1 MAU growth, driven by 34% growth in ex-U.S. MAU's to 277M, now three-quarters of total MAU's; 2) our conviction that a likely economic downturn accelerates the shift of ad spend to online from offline; and 3) attractive valuation, with $1.6B in net cash, 14% of market cap. This is despite 1) disappointing Q1 EPS; 2) management pulling full-year '20 guidance (prudently, in our view); and 3) the departure of COO Francoise Brougher. Our $29 target is the product of our '21 revenue forecast of $1.88B, down from $1.98B, and an 8.2x EV/S ratio (2-year mean, less 10% due to lack of GAAP profits and short operating history, partially offset by strong long-term prospects and $1.6B in net cash). Revenue of $272M was +35% YoY and $1M over consensus; EPS loss of $0.10 was short of consensus by $0.01 and down by $0.03 YoY. Our lower EPS forecasts are as follows: -$0.14 for '20 (vs. +$0.01), +$0.14 for '21 (vs. $0.25), and +$0.48 for '22 (vs. $0.65).
Feels weird, but copped 13 shares for potential fukkery down the line