Pinterest 在 19 美元对 35 美元合理价值下被低估，因北美用户增长；主要风险是 Meta 在人工智能上投入更多。
逐段跳播
这些是 Amazon、Netflix、Uber、Nvidia、Pinterest、Meta、Visa、Adobe 和 McDonald's。让我解释一下为什么我认为这些股票目前代表着极佳的价值。
These are Amazon, Netflix, Uber, Nvidia, Pinterest, Meta, Visa, Adobe , and McDonald's. Let me explain why I believe these stocks represent excellent value at the moment.
Pinterest 股票目前股价为 19 美元，而我计算出的合理价值为 35 美元。我认为 Pinterest 面临的最大风险之一，是我之前就 Meta Platforms 提到过的问题。
Meta 正花费巨资利用人工智能改进其平台，我担心 Meta 将在社交媒体领域占据越来越大的市场份额。Pinterest 没有足够的规模以接近 Meta 的支出水平进行投资，因此两者之间的差距可能会扩大。这是我在 Pinterest 看到的最大风险。
Pinterest stock is trading at $19 , and I have calculated its fair value at $35. One of the biggest risks I see with Pinterest is something I mentioned previously regarding Meta Platforms.
Meta is spending so lavishly to improve its platform using artificial intelligence that I fear Meta will capture an increasing market share in the social media sector. Pinterest does not have the scale to invest at levels close to what Meta spends, so the gap between them is likely to widen . This is the biggest risk I see in Pinterest.
然而，我在 Pinterest 看到的积极因素之一是，它吸引了数百万新用户，尤其是在北美这个最赚钱的类别中。北美的每用户平均收入是世界其他任何地方的数倍；因为美国人的购买力高于大多数其他人，广告主会把广告支出集中在美国消费者身上。
Pinterest 在这一类别中正在增长，因此这对 Pinterest 的长期增长是一个积极信号。我认为这是一个有吸引力的机会。我在投资组合中继续持有 Pinterest 股票，因为我认为它们具有有吸引力的风险回报比。
However, one of the positives I see in Pinterest is that it attracts millions of new users, specifically in the most profitable category in North America. Average revenue per user in North America is several times higher than anywhere else in the world; Because Americans have greater purchasing power than most other people, advertisers focus their advertising spending on the American consumer.
Pinterest is growing in that category, so this is a positive sign for Pinterest's long-term growth. I see this as an attractive opportunity. I keep Pinterest shares in my investment portfolio because I see them as having an attractive risk-reward ratio.
这个频道对 $PINS 的历次判断
Parkev Tatevosian, CFA 在这只股票上共 3 条判断，这里只列相邻的几条。