Pinterest (PINS, Buy, target increases to $52 from $47) Higher estimates and target for our Top SMID Pick
PINS remains our Top SMID pick, and we see multiple revenue drivers including Performance+ early ramp, other ad tech’s continued ramp (direct links, CAPI, etc.), potential 3P partner additions, growing reseller impact on ROW ARPU, improved traction in Europe, greater penetration of $1-$30B GMV retailers, and easing F&B comps, especially going into 3Q25.
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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