12/25/2023 0 Comments Snap stock outlook![]() ![]() Just as with Facebook in its early days, Pinterest is at the pre-monetization stage, where it’s very hard to place a valuation on its business. That’s because the company’s business model, which relies on the sharing of ideas and organizing creative projects through social media, isn’t being monetized nearly to the extent it could be. I think there’s some value to Pinterest as a long-term play in this space. Thus, for a few years, PINS stock has been on the out for growth investors. However, much of the pain for Pinterest was felt in mid-2021, leading to a sharp decline which ultimately provided easier comps for this social media giant. That’s mainly due to the fact that over the past 12 months, PINS stock is only down 5% – a relatively muted drop relative to its peers. Source: Nopparat Khokthong / Īmong the social media stocks that have been beaten down over the past year, Pinterest (NYSE: PINS ) certainly deserves a look. Personally, I see these as distractions from the bigger picture – this is among the best social media stocks out there, producing incredible cash flows other companies can only dream of. Additionally, concerns around Meta’s shift toward the Metaverse will remain. However, once exchange rate fluctuations are removed, this figure becomes a 2% growth. The good news is that this goal is more attainable than it appears, given the company’s 4% year-over-year sales decrease in Q3. The company is expected to announce a 3% drop in sales when it releases its Q4 earnings in early February 2022.ĬEO Mark Zuckerberg and his team face the task of restoring growth to the business. The social media company saw its revenue growth stall, resulting in a decrease in earnings for the nine months ending in September. ![]() Meta Platforms had a disastrous 2022, crashing more than 50%. The company, formerly known as Facebook, created an entirely new sector after all. Meta Platforms (NASDAQ: META ) continues to be the top pick for investors seeking exposure to the social media sector, being a dominant player in the industry since the inception of social media. ![]()
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