Pinterest is rated a buy, with pessimism over market share loss overdone given its strong balance sheet and GAAP profitability. PINS delivered 18% YoY revenue growth, 11% user growth, and 6% ARPU growth, outperforming guidance and demonstrating operating leverage. Despite slowing top-line growth and competition from META, PINS trades at just 11x earnings and is transitioning from growth compounder to value stock.
Pinterest Inc (NYSE:PINS) has announced a planned $4 billion commitment with Amazon Web Services (AWS) through 2031, deepening a long-running partnership aimed at expanding its artificial intelligence infrastructure and capabilities. The agreement, described by AWS as Pinterest's largest infrastructure investment to date, will see the visual discovery platform rely on AWS services to train and run AI models that power search, recommendations, and personalized content for more than 600 million monthly users worldwide.
Pinterest has signed a $4 billion cloud services agreement with Amazon Web Services stretching through 2031, the largest infrastructure commitment the visual discovery company has ever made. According to a Thursday (June 4) press release from Amazon, the deal extends a relationship between the two companies dating back to 2010.
Pinterest said on Thursday it would pay Amazon Web Services $4 billion for using its cloud services through 2031.
While the Magnificent Seven trade at forward multiples that demand near-flawless execution, a handful of profitable internet platforms have been left behind in the rotation.
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Shares of Pinterest (NYSE:PINS | PINS Price Prediction) are down 6% in midday trading on Tuesday, changing hands near $18.75.
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Evaluate Pinterest's (PINS) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.