Pinterest Inc. (PINS, Buy, target remains at $52) 1Q24 Model Update: Target remains at $52

Our target price remains $52 as higher revenue estimates are offset by higher operating expenses.

Pinterest Inc. (PINS, Buy, $52 target) Reiterate Top SMID Pick as Top Line Accelerates

In this first take following tonight’s results, we touch on: 1. 2Q guide in-line with NSR, nicely ahead of consensus; 2024 commentary as expected 2. More value capture coming from lower funnel, as CAPI adoption reaches 40% of revenue 3. Third-party revenue was “emerging contributor” in 1Q, expected to ramp through 2024 4. Seven quarters of accelerating MAU growth and +40% of MAUs are Gen Z 5. Dry powder building on balance sheet

Wedbush Morning Call - May 01 2024 7:19AM

Bouygues Telecom Q1 24: Better SR growth - possibly supported by a consumer looking for deals

Bouygues Telecom has reported a solid set of Q1 numbers: SR growth is better at +4.2% y/y from +3.4% y/y, albeit EBITDAaL growth is a little slower at +7.5% y/y from +11.4% y/y in Q4 23. Bouygues and Orange have now both reported, and so we can begin to think about a possible read-across for SFR and Iliad.

KSPI US (Buy, TP: $175, +45%) # INITIATION OF COVERAGE # Kaspi (Buy). If you like MercadoLibre , you'll probably love this!

Kaspi is a Super App the likes of which we haven’t really seen develop outside of China. Dominant in Payments, roots in lending and with group growth currently driven by triple digit top-line in the leading local E-Commerce platform. Obvious comparisons in our coverage are with MercadoLibre (Buy), which we continue to be positive on and which we benchmark Kaspi against in this note.

Infineon 2FQ24: Last major cut behind us. Our thesis is playing out. Buy, €45 TP

Infineon reported 2FQ24 this morning.