Pinterest dipped 20% following investor disappointment over Q3 results.
The company actually generated strong revenue and MAU growth, showing the existence of a good business.
The market remains partially offside on Pinterest by not using the fully diluted share count of 651 million shares.
Based on the other social stock valuations, my ideal target remains ~$15.
The general impression from the Q3 results for Pinterest (PINS) was of a solid quarter. The stock fell up to 20% following the report, as the problem was the valuation was priced for