Reading PINS? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track PINS free→Reading PINS? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track PINS free→NYSECommunication ServicesInternet Content & InformationSnapshot 2026-06-16
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is neutral, and earnings quality is robust, cash backs up reported profits. Management's recent track record has been fairly steady, while risk is elevated and the sector backdrop is a headwind. Peer multiples imply a price about 17% below where it trades (it looks expensive on this basis); the read is fair, priced roughly in line with peer multiples. Key factors to watch include guidance changes and sector trends, particularly the performance of major players like GOOGL and META. This analysis is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 6 valuation methods, at three horizons. Current price $21.17. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $21 the market pays 19× p/e — above the 12× p/e peer median but in line with its own 23× history. That premium reflects a durable franchise our peer-anchored $18 fair value understates; treat the 'expensive vs peers' read with low confidence. Analysts: $23–$30. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 17% near-term growth, in line with our forecast of about 15%. This describes what's priced in, not a forecast of the move.
No fragility gates fired. Regime (Crisis) does not concentrate fragility.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Communication Services names rated neutral grew net income 46% of the time over the next year (vs 61% for the rest of the cohort, n=902).
Over the trailing year it converted 3.73x of net income into operating cash flow. Historically, Communication Services names rated robust grew net income 54% of the time over the next year (vs 49% for the rest of the cohort, n=525).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.36 → $0.36 (+0.1% / 30d). 6 raised, 1 cut, 20 covering analysts.
0 upgrades, 0 downgrades / 30d, 1 maintained. 50% of analysts rate Buy.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$182.
How much price usually moves either way.
On a bad day, this stock has moved -$539.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $6,063.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
Signal changed from 'mixed' to 'mild_favorable'.
As of June 16, 2026, the signal label changed to indicate a mild favorable outlook. Risk fell, moving from an elevated level. The sector backdrop remained a headwind, while valuation was described as expensive.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Completing the share repurchase shows strong confidence in the company's value and growth.
Confirms:Pinterest completes the $2 billion share repurchase by the end of Q2 2026.
Disproves:Pinterest fails to complete the $2 billion share repurchase by the end of Q2 2026.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
Advances: Increase revenue growth
Long-term cloud investment supports revenue growth.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 30, 2026, Andrea Acosta, the Company's Chief Accounting Officer, submitted her resignation to the Company to pursue another opportunity, effective May 8, 2026. Ms. Acosta's departure is not the result of any disagreement with the Company. The Company thanks Ms. Acosta for her many contributions and wishes her the best in her future endeavo…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$23.00 – $30.00 (median $27.00) · 12 analysts · as of 2026-05-05
Looks more expensive than peers.
Cheaper than its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Interactive Media & Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
PINS Pinterest | Typical Show detailsSector percentile: 70 of 100 | full | elevated |
GOOGL Alphabet Inc. (Class A) | Above typical Show detailsSector percentile: 81 of 100 | expensive | moderate |
GOOG Alphabet Inc. (Class C) | Above typical Show detailsSector percentile: 86 of 100 | expensive | moderate |
META Meta Platforms | Above typical Show detailsSector percentile: 76 of 100 | expensive | elevated |
RDDT REDDIT, INC. | Typical Show detailsSector percentile: 55 of 100 | expensive | high |
5 material management or governance events in the past 24 months, led by executive changes. Historically, Communication Services names rated neutral grew net income 53% of the time over the next year (vs 63% for the rest of the cohort, n=271).
Not investment advice. As of 2026-06-16.
via XLC
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on achieving significant revenue growth through enhanced user engagement and monetization strategies.
Meet or exceed the Adjusted EBITDA guidance to demonstrate financial discipline and operational efficiency.
Complete the $2 billion share repurchase program to return value to shareholders.
Why it matters: This would signal a slowdown in Pinterest's revenue growth after a strong Q1.
Confirms:Q2 revenue growth reported below 14% year over year.
Disproves:Q2 revenue growth reported at or above 16% year over year.
Why it matters: This report will show if Pinterest can keep up its recent earnings momentum. A strong report could boost investor confidence.
Confirms:Earnings per share beats consensus estimates by more than 5%.
Disproves:Earnings per share misses consensus estimates by more than 5%.
Why it matters: Updates may show management's confidence in future cash flow and stock value.
Confirms:Look for news on more share buybacks or good comments on the current program.
Disproves:No updates or bad comments about the share buyback program.
Why it matters: Hitting this target shows good cost control and smooth operations.
Confirms:Adjusted EBITDA for Q2 2026 is $256 million or more.
Disproves:Adjusted EBITDA for Q2 2026 is less than $256 million.
Advances: Increase revenue growth
AI ad improvements expected to boost revenue.
Results of Operations and Financial Condition. On May 4, 2026, Pinterest, Inc. (the "Company") announced its financial results for the quarter ended March 31, 2026 by issuing a press release. In its press release, the Company also announced that it would be holding a conference call on May 4, 2026 to discuss its financial results for the quarter ended March 31, 2026 and outlook. The text of the Company’s press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.…
Entry into a Material Definitive Agreement. As previously disclosed, on March 3, 2026, Pinterest, Inc. (the “Company”) entered into an investment agreement (the “Investment Agreement”) with Elliott Associates, L.P. and Elliott International, L.P. (collectively, “Elliott”), relating to the issuance and sale to Elliott of $1 billion in aggregate principal amount of the Company’s 1.75% Convertible Senior Notes due 2031 (the “Notes”). On March 5, 2026, the closing under the Investment Agreement o…
Entry into a Material Definitive Agreement. Issuance and Sale of 1.75% Convertible Senior Notes due 2031 On March 3, 2026, Pinterest, Inc. (the “Company”) entered into an investment agreement (the “Investment Agreement”) with Elliott Associates, L.P. and Elliott International, L.P. (collectively, “Elliott”), relating to the issuance and sale to Elliott of $1 billion in aggregate principal amount of the Company’s 1.75% Convertible Senior Notes due 2031 (the “Notes”). The transactions contempla…
Unregistered Sales of Equity Securities. As previously disclosed, on March 3, 2026, the Company entered into the Investment Agreement, pursuant to which it agreed to sell $1 billion in aggregate principal amount of the Notes to Elliott. The Notes were issued on March 5, 2026 in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended. The Company will rely on this exemption from registration based in part on representations made by Elli…