In 2021 $PINS had two looks at being acquired for around $45-51 billion by PayPal and Microsoft. While these deals didn't go through they are still a highly likely likely acquisition target with their larger user base of 440 million. With a $14.5 billion current market cap there is great upside if a future acquisition is even below the previous targets.With the user growth already ticking up again and a profitable business model I believe $PINS is a good value aside from acquisition as well. Their advertising business is primarily keyword targeting similar to how google search works which is one of the most accurate types of advertising which fetches the highest returns. Right now they are making about 50 cents EPS with a 12.5% net margin, due to their high gross margins this can easily move up to 20-30% in the future.
If they execute their business well they could potentially fetch a higher acquisition price in the future or in a more bearish case they would still likely sell out at a lower price then previously offered but still a substantially large share price compared to what they are currently trading at.
If they execute their business well they could potentially fetch a higher acquisition price in the future or in a more bearish case they would still likely sell out at a lower price then previously offered but still a substantially large share price compared to what they are currently trading at.