Pinterest Inc Dossier
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SectorCommunication Services IndustryInternet Content & Information Beta (adjusted)0.94 Intrinsic Value $32.49median of 6 methods · middle span $12-$41based on filings through 30 Jun 2026 Market Price $19.46Price as of 1 Oct 2026 Significantly undervaluedIntrinsic value is 67% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% marker beyond scale (+67%) Data confidence Sign in to view data confidence Market Cap $10.9B Enterprise Value $11.5B Shares Outstanding 597.8M diluted Moat Rating None Next Earnings Date9 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Pinterest entered the second half of 2026 with strong operating momentum: Q2 revenue grew 18%, global monthly active users reached 640 million, and adjusted EBITDA was $311 million. The platform's differentiated visual-discovery use case and expanded AI infrastructure can improve relevance and advertiser performance, while the authorized repurchase program can reduce the share base. The offset is execution risk: Pinterest must monetize its growing international audience, earn an adequate return on a planned $4 billion AWS commitment through 2031, reconcile adjusted profitability with a Q2 GAAP net loss, and manage potential dilution from the Elliott convertible notes. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$22.00 Mean target$28.97 High · most bullish analyst$42.36 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $22.0017% User or revenue growth falls below the monitoring thresholds, international monetization underperforms, and the multiyear cloud commitment raises costs faster than AI improves revenue. Persistent differences between adjusted EBITDA and GAAP earnings, together with possible convertible-note dilution, compress the valuation. Base CaseCentral scenario $28.9756% Matches the consensus meanRevenue growth moderates toward the low-to-mid teens while Pinterest retains its large user base, expands monetization and converts AI investment into incremental relevance and advertising performance. Repurchases partly offset stock-based compensation and potential convertible-note dilution. Bull CaseUpside scenario $42.3627% Global MAU growth remains near double digits, revenue continues to grow in the high teens, AI-driven discovery improves engagement and advertiser conversion, and repurchases materially reduce diluted shares. Successful monetization of Pinterest's audience supports a premium outcome. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |