<p>Pinterest (PINS) 在过去三个月内悄然下滑近 29%，在过去一年中下滑约 15%，这引发了投资者一个合理的问题：这种疲软是机会还是警告？</p>
<p>查看我们对 Pinterest 的最新分析。</p>
<p>尽管 Pinterest 继续深入推进购物功能和人工智能驱动的发现工具，但股价的下滑仍在继续。这表明，最近 90 天股价回报率为负 28.9% 反映的是动能减弱，而不是长期故事的破裂，尤其是三年总股东回报仍处于正值区域。</p>
<p>随着对 Pinterest 的情绪动摇，将其与其他高增长科技公司进行比较可能会很有用。考虑探索高增长科技和人工智能股票以获取新思路。</p>
<p>随着收入仍在以两位数增长，华尔街的目标价远高于今天的价格，Pinterest 是否在悄然以有意义的折扣交易，还是市场已经将其下一阶段的增长考虑在内？</p>
<h2>最受欢迎的叙述：低估 30.9%</h2>
<p>Pinterest 最近收盘价为 25.76 美元，而叙述的公允价值接近高 30 美元，目前的折扣取决于其增长引擎的持久性。</p>
<blockquote>
<p><em>持续的人工智能驱动的视觉搜索和个性化内容策划的进展，得益于专有的多模态和生成检索模型，正在加深用户参与度并增加会话时间，这应该会推动每用户平均收入（ARPU）提高，并在未来提升收入和利润率。</em></p>
</blockquote>
<p>阅读完整的叙述。</p>
<p>好奇这种参与故事如何转化为更高的估值？叙述集中在更快的收入增长、韧性的利润率和更高的收益倍数上。想看看这些动态如何堆叠成公允价值的判断吗？</p>
<p><strong>结果：公允价值为 37.28 美元（低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，广告价格的疲软以及来自 Meta、Google 和 TikTok 的竞争加剧可能会压缩利润率，并破坏支撑这一估值的乐观收益轨迹。</p>
<p>了解影响 Pinterest 叙述的关键风险。</p>
<h2>自建您的 Pinterest 叙述</h2>
<p>如果您对这个故事有不同看法或想自己深入数字，您可以在几分钟内构建个性化的 Pinterest 论点：按您的方式进行。</p>
<p>您 Pinterest 研究的一个很好的起点是我们的分析，强调 5 个关键收益和 2 个可能影响您投资决策的重要警示信号。</p>
<h2>寻找更多投资想法，超越 Pinterest？</h2>
<p>不要止步于一个机会。使用 Simply Wall Street 筛选器，精准定位这些 906 只被低估的股票，这些股票基于现金流，市场可能忽视了尽管有强劲的现金流支持。</p>
<ul>
<li>通过审查这 13 只收益率超过 3% 的股息股票，捕捉潜在的便宜货，提供可持续派息的空间。</li>
<li>通过评估这 80 只在区块链基础设施和服务中蓬勃发展的加密货币和区块链股票，提前布局数字金融趋势。</li>
</ul>
<p><em>这篇文章由 Simply Wall St 撰写，内容具有一般性。<strong>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章并不构成财务建议。</strong> 这并不构成买入或卖出任何股票的推荐，也未考虑您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
<p>移动基础设施用于国防和灾难</p>
<p>下一波机器人技术不是类人机器人。它是完全自主的塔，能够在 30 分钟内提供 5G、ISR 和雷达服务，覆盖任何地方。</p>
<p>在下一轮合同之前获取投资者简报</p>
<p>由 CiTech 赞助</p>

PINS

<p>Pinterest 的股价在过去三个月中下跌了近 29%，引发了对其估值的质疑。尽管如此，Pinterest 正在扩展其购物功能和人工智能工具，这表明下滑可能反映出动能减弱，而不是长期故事的破裂。该股票被认为被低估，公允价值为 37.28 美元，但风险包括竞争和广告定价。投资者被鼓励探索其他高增长的科技和人工智能股票以寻找机会</p>

<p>Pinterest (PINS) has quietly slid almost 29% over the past 3 months and about 15% over the past year, raising a fair question for investors: is this weakness an opening or a warning?</p>
<div class="lb-trans"><p>Pinterest (PINS) 在过去三个月内悄然下滑近 29%，在过去一年中下滑约 15%，这引发了投资者一个合理的问题：这种疲软是机会还是警告？</p>
</div><p>See our latest analysis for Pinterest.</p>
<div class="lb-trans"><p>查看我们对 Pinterest 的最新分析。</p>
</div><p>That slide has come even as Pinterest continues to push deeper into shopping features and AI driven discovery tools. This suggests the recent 90 day share price return of minus 28.9 percent reflects fading momentum more than a broken long term story, especially with a three year total shareholder return still in positive territory.</p>
<div class="lb-trans"><p>尽管 Pinterest 继续深入推进购物功能和人工智能驱动的发现工具，但股价的下滑仍在继续。这表明，最近 90 天股价回报率为负 28.9% 反映的是动能减弱，而不是长期故事的破裂，尤其是三年总股东回报仍处于正值区域。</p>
</div><p>With sentiment on Pinterest wobbling, it can be useful to compare it against other high growth tech names. Consider exploring high growth tech and AI stocks for fresh ideas.</p>
<div class="lb-trans"><p>随着对 Pinterest 的情绪动摇，将其与其他高增长科技公司进行比较可能会很有用。考虑探索高增长科技和人工智能股票以获取新思路。</p>
</div><p>With revenue still growing double digits and Wall Street targets sitting well above today’s price, is Pinterest quietly trading at a meaningful discount, or has the market already baked in its next leg of growth?</p>
<div class="lb-trans"><p>随着收入仍在以两位数增长，华尔街的目标价远高于今天的价格，Pinterest 是否在悄然以有意义的折扣交易，还是市场已经将其下一阶段的增长考虑在内？</p>
</div><h2>Most Popular Narrative: 30.9% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：低估 30.9%</h2>
</div><p>With Pinterest last closing at $25.76 against a narrative fair value near the high 30s, the current discount hinges on how durable its growth engine really is.</p>
<div class="lb-trans"><p>Pinterest 最近收盘价为 25.76 美元，而叙述的公允价值接近高 30 美元，目前的折扣取决于其增长引擎的持久性。</p>
</div><blockquote>
<p><em>Ongoing advancements in AI driven visual search and personalized content curation, supported by proprietary multimodal and generative retrieval models, are deepening user engagement and increasing session times, which should drive higher average revenue per user (ARPU) and lift both revenue and margins over time.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>持续的人工智能驱动的视觉搜索和个性化内容策划的进展，得益于专有的多模态和生成检索模型，正在加深用户参与度并增加会话时间，这应该会推动每用户平均收入（ARPU）提高，并在未来提升收入和利润率。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整的叙述。</p>
</div><p>Curious how this engagement story translates into a higher valuation? The narrative focuses on faster top line expansion, resilient margins, and a richer earnings multiple. Want to see how those moving parts stack up into that fair value call?</p>
<div class="lb-trans"><p>好奇这种参与故事如何转化为更高的估值？叙述集中在更快的收入增长、韧性的利润率和更高的收益倍数上。想看看这些动态如何堆叠成公允价值的判断吗？</p>
</div><p><strong>Result: Fair Value of $37.28 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 37.28 美元（低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, softer ad pricing and intensifying competition from Meta, Google, and TikTok could compress margins and derail the optimistic earnings trajectory that underpins this valuation.</p>
<div class="lb-trans"><p>然而，广告价格的疲软以及来自 Meta、Google 和 TikTok 的竞争加剧可能会压缩利润率，并破坏支撑这一估值的乐观收益轨迹。</p>
</div><p>Find out about the key risks to this Pinterest narrative.</p>
<div class="lb-trans"><p>了解影响 Pinterest 叙述的关键风险。</p>
</div><h2>Build Your Own Pinterest Narrative</h2>
<div class="lb-trans"><h2>自建您的 Pinterest 叙述</h2>
</div><p>If you see the story differently or want to dig into the numbers yourself, you can build a personalized Pinterest thesis in just a few minutes: Do it your way.</p>
<div class="lb-trans"><p>如果您对这个故事有不同看法或想自己深入数字，您可以在几分钟内构建个性化的 Pinterest 论点：按您的方式进行。</p>
</div><p>A great starting point for your Pinterest research is our analysis highlighting 5 key rewards and 2 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>您 Pinterest 研究的一个很好的起点是我们的分析，强调 5 个关键收益和 2 个可能影响您投资决策的重要警示信号。</p>
</div><h2>Looking for more investment ideas beyond Pinterest?</h2>
<div class="lb-trans"><h2>寻找更多投资想法，超越 Pinterest？</h2>
</div><p>Do not stop with one opportunity. Use the Simply Wall Street Screener to pinpoint fresh, data backed stocks that could sharpen your next move and potential future returns.</p>
<div class="lb-trans"><p>不要止步于一个机会。使用 Simply Wall Street 筛选器，精准定位这些 906 只被低估的股票，这些股票基于现金流，市场可能忽视了尽管有强劲的现金流支持。</p>
<ul>
<li>通过审查这 13 只收益率超过 3% 的股息股票，捕捉潜在的便宜货，提供可持续派息的空间。</li>
<li>通过评估这 80 只在区块链基础设施和服务中蓬勃发展的加密货币和区块链股票，提前布局数字金融趋势。</li>
</ul>
</div><ul>
<li>Capture potential bargains by scanning these 906 undervalued stocks based on cash flows that the market may be overlooking despite strong cash flow support.</li>
<li>Target income focused opportunities by reviewing these 13 dividend stocks with yields &gt; 3% offering yields above 3 percent with room for sustainable payouts.</li>
<li>Position yourself ahead of digital finance trends by assessing these 80 cryptocurrency and blockchain stocks riding growth in blockchain infrastructure and services.</li>
</ul>
<div class="lb-trans"><p><em>这篇文章由 Simply Wall St 撰写，内容具有一般性。<strong>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章并不构成财务建议。</strong> 这并不构成买入或卖出任何股票的推荐，也未考虑您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p>移动基础设施用于国防和灾难</p>
</div><p>Mobile Infrastructure for Defense and Disaster</p>
<div class="lb-trans"><p>下一波机器人技术不是类人机器人。它是完全自主的塔，能够在 30 分钟内提供 5G、ISR 和雷达服务，覆盖任何地方。</p>
</div><p>The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.</p>
<div class="lb-trans"><p>在下一轮合同之前获取投资者简报</p>
</div><p>Get the investor briefing before the next round of contracts</p>
<div class="lb-trans"><p>由 CiTech 赞助</p>
</div><p>Sponsored On Behalf of CiTech</p>

Pinterest (PINS)：在近期股价下跌后评估其估值