Roughly 40-45% Of Pinterest User Base In Unexplored Regions Will Boost Revenue - This Analyst Presents Bullish Case
Portfolio Pulse from Lekha Gupta
Stifel analyst Mark Kelley has upgraded Pinterest Inc (PINS) to Buy from Hold, raising the price target to $32 from $27. The analyst is optimistic about Pinterest's partnership with Amazon.com Inc (AMZN) and expects it to boost holiday season spending. Kelley also sees potential in Pinterest's international monetization, which currently accounts for less than 20% of revenue. He estimates that 40-45% of Pinterest's user base is in unexplored regions, which could boost Average Revenue Per User (ARPU).
October 23, 2023 | 5:25 pm
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Amazon's partnership with Pinterest is expected to boost holiday season spending, according to Stifel analyst Mark Kelley.
The partnership with Pinterest could lead to increased spending during the holiday season, which would likely boost Amazon's revenue and potentially its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Pinterest's stock has been upgraded by Stifel analyst Mark Kelley, who sees potential in the company's international monetization and partnership with Amazon. This could lead to a boost in the company's ARPU and overall revenue.
The upgrade by the Stifel analyst, along with the raised price target, indicates a positive outlook for Pinterest. The potential in international monetization and the partnership with Amazon could lead to increased revenue, which would likely boost the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100