Pinterest (PINS, Buy, $49 target) Elevated expectations into the print create nice entry point for our Top SMID Pick
In this first take following tonight’s results, we touch on:1. Pullback due to heightened expectations, no change to our thesis
2. De minimis and other tariff policies impact regional mix, but not overall trend
3. More Performance+ adoption in the mid-market, hints of what could come in SMB
4. MAU growth on track as Gen Z passes 50% of total, larger focus on men underway
5. As expected, margin gains continue to ease
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
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