Wedbush analysts believe Pinterest is executing effectively against its user engagement and monetization strategies, and continues to be positioned for growth and profits consistent with its multi-year guidance.
Despite a challenging post-earnings period and a 14% decline in shares, Pinterest's projected adjusted EBITDA is expected to grow at a 27% CAGR over the next three years, which offers optimism.
Analyst Scott Devitt mentioned that the market's reaction to Pinterest's fourth-quarter sales guidance was 'overdone,' citing solid drivers for future monetization improvements.
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