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Stone Fox Capital profile picture
Near a breakout point despite the weak market.

-Pinterest (NYSE:PINS) shares rose on Thursday as Goldman Sachs upgraded the social network, pointing out that the risk-reward has a "more positive" skew at current levels.

-Analyst Eric Sheridan boosted his rating on Pinterest (PINS) to buy from neutral and raised the price target to $31 from $24, noting that the company has seen improved user growth and engagement trends in the short and medium terms, with the potential for revenue and operating margin upside in 2023 and 2024.

-"Our recent work has given us increased confidence in Pinterest's ability to grow monetization and capture a greater share of ad budgets as management executes against its shopping/commerce opportunity and, over the long-term, we see Pinterest as positively levered to a number of long-term secular growth themes (engagement & ad spend shifting online, social commerce, creator economy, etc.)," Sheridan wrote in a note to clients.
@Stone Fox Capital it seems like good risk reward . I’m still curious about the mystery of ELIIOTT ‘s position . Aside from their press release , there is no evidence they are the largest holder - no 13D etc . Your thoughts ?i I assume we will learn more in the upcoming 13 F but the whole thing is mysterious .
Stone Fox Capital profile picture
Just asinine to want a deal here.

-Pinterest (NYSE:PINS) pared gains after quickly spiking up 1.4% after a report that activist Elliott is said to be pushing for a sale of the company.
-Elliott, which has a 9% stake in Pinterest (PINS), is said to want see the company better monetize its user base or put itself up for sale, according to a Barrons.com report, which cited people familiar with the hedge fund.
5mm shares does not make Elliott the largest holder . There have been press reports that they have acquired a larger stake but not evidence in SEC filings . How do we reconcile this ?
EliasMouawad profile picture
Nice article. SNAP reached the bottom (finally)
Stone Fox Capital profile picture
Thanks. The whole sector is looking good, especially $PINS here with this chart breaking all of the strong resistance.

Reasonable assessment. I hope you're right. I bought this name because in my opinion it's the least controversial of the social media platforms and many users are viewing with the intention of making a purchase.
Stone Fox Capital profile picture
The new CEO has to execute though. The difference between $META and $TWTR was execution over the last decade.
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