Stockchase Opinions

Jim Cramer - Mad Money Pinterest PINS-Q BUY Jun 29, 2022

It's a profitable company that's been slammed along with all tech stocks. They just replaced their chair-CEO is moving to executive chair and are bringing in a new CEO, a fintech veteran from Google. The move makes a lot of sense. Pinterest makes most of their money from digital ads but want to pivot into digital shopping.
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Stock price when the opinion was issued

Technology
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HOLD
It's down 10% in the past month. Hold. It offers growth, which is why PayPal tried to buy it.
BUY ON WEAKNESS
No one is worried about megacap tech stocks and that's a worry. Snap, Twitter and Pinterest, also Lyft have slid around 25% from their highs, and these are buying opportunities in the coming months.
COMMENT
PayPal should buy this. Makes a ton of sense.
DON'T BUY
This has been grinding at current levels since February and hasn't challenged their 100-day moving average in 1.5 years. Yes, he gets that they're at a strategic crossroads between e-commerce and social media--and it's an interesting position--but it hasn't paid off.
COMMENT
Activist Elliott Mgt. buying a huge position is a strong endorsement of the new CEO. The CEO has raised forward guidance out there and he must be very confident to do that. This is impressive for a new CEO to do this.
WEAK BUY

They have new management which knows how to monetize. We need more advertising names beside Meta and Alphabet.

BUY

It reports Thursday. He likes it because online ads are incredibly strong.

BUY

You must buy this for the future ad dollars. Same with Reddit.

TOP PICK

It is growing revenue at 15% year over year amd trading at 18X this year's expected earnings. The catalyst has been new management in mid 2022 making good improvements to the top line and using AI to increase the relevancy of its content. Increased usage and increased advertising which is more relevant to its users means higher revenue.             Buy 33  Hold 8  Sell 0

(Analysts’ price target is $46.59)