Parkev Tatevosian, CFA on $PINS (Nov 2, 2026)
Pinterest is calculated as worth $30 a share versus a price slightly over $19, supported by mostly pleasing results and strong U.S./Canada user growth in the most profitable, high-ARPU base. Despite disappointment with rising equity-based compensation and years of weak innovation, the speaker holds and plans to keep two-thirds beyond 2026, though he may sell one-third for tax-loss harvesting and is not adding.
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Pinterest also announced its quarterly financial results this week , and I was mostly pleased with those numbers . I am disappointed by its growing equity-based compensation, especially given the lack of innovation emanating from the company over the past several years .
But I was impressed to see the company growing its monthly active users from the United States and Canada, which is the most profitable social media account base due to the high average revenue per user.
In fact, it was one of the best among social media companies in terms of the number of accounts it added from that most profitable area.
I calculated the fair value of a Pinterest share at $30. The current market price is slightly over $19. I own Pinterest shares in my portfolio, but I am not interested in adding more.
In fact, I may sell a third of my Pinterest position for the purpose of harvesting tax losses. But I plan to hold two-thirds of my other positions beyond 2026.
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Parkev Tatevosian, CFA has 7 calls on this stock; only the adjacent ones are shown.