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Jim Cramer - Mad Money Pinterest PINS-N PARTIAL SELL Dec 20, 2023

In just 3 months, this has jumped from $25 to $37. Take some profits.

Jim Cramer - Mad Money

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$37.120

Stock price when the opinion was issued

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BUY

Communications and social media spaces are growing rapidly. This one has the most upside. It's extended, and could have pullbacks, so you have to be able to stomach that. Great company. Will likely get a chance to buy on a pullback, and he'd buy.

DON'T BUY

Likes the product. Concern is one of scale. How much bigger can it be, and how compelling is the product? Likes the cyclical aspect of increased ad revenues. Better ways to get access to those revenues, such as Google or a media content library owner.

BUY

It's surged from $34 to $84 since the TikTok deal collapsed, and now trades at 20x sales--one of the priciest stocks around. He'd like Microsoft to buy Pinterest. PINS benefits from a shift to kinder social media, post-Trump.

HOLD

Hold it. You could get a bump up if ***. This could be taken over down the road.

COMMENT

It is an interesting name. It is very focused on particular interest groups in the social media space. It did well during the pandemic and has pulled back. He does not think it will gain market share from the other social media companies. He would prefer FB-Q or GOOG-Q.

COMMENT

Rumours that PYPL is looking to purchase it around $70 a share. Pretty big nut for PYPL, but it would fit nicely into their model. He owns PYPL instead, and would consider buying more on a further pullback.

DON'T BUY

An expensive stock and he doesn't see a catalyst for these shares to rise.

BUY

The only social media platform to emerge from Q3 unscathed. It's now entering into a cooperation agreement with an activist firm that took a large stake in Pinterest last summer. Elliott Stikeman has a track record of unlocking value. Also, they just got a new CEO.

TOP PICK

It has been around a long time but many people don't realize that 2 1/2 years ago new management came in and really changed things. They improved the site and are using AI to make both the content and ads more relevant to the users. In the last quarter it had 16% revenue growth and the number of users was up 10% year over year and is accelerating. Ads are increasing too. It also raised guidance. Trades at less than 19 X earnings.
Buy 31 Hold 10 Sell 0

(Analysts’ price target is $40.70)

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