Pinterest: I Called The Drop, Now It's Time To Buy

|
About: Pinterest, Inc. (PINS)
by: James Bonifer
This article is exclusive for subscribers.
James Bonifer
Research analyst, tech, internet, IPOs
Summary

The past few months of selling represented a long overdue correction.

Despite a slight miss on sales in their most recent disclosure, the company is still outpacing most peers.

In my view, Pinterest has gone from overvalued to a significant discount.

Early, But Not Wrong

Data by YCharts

My subscribers will know that I have been calling for a correction in the valuation of Pinterest (PINS) even prior to its IPO. Excess in listing