Pinterest's stock, after falling around 20 % recently, looks undervalued currently.
Pinterest, the social networking site and application, was on a stellar run since the depth of the coronavirus pandemic in March 2020.
Since March 2020 Pinterest's stock price went up seven times which is an extraordinary run. In this blog, months ago I contemplated whether Pinterest could displace Facebook as the hottest and largest social network. While, I think Pinterest is far from competing as equal with Facebook, Pinterest has unrealized potential.
Especially now that Pinterest's stock price is down 20% in the last several trading days after Pinterest's second quarter 2021 earnings report showed slowing user growth in total and even declining user numbers in the USA.
Apparently, Pinterest's future potential lies in international user growth, females especially. This actually is a promising niche. Pinterest's market capitalization currently is 37.34 billion USD.
In my opinion, Pinterest net intrinsic value is around 90 billion USD.
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