Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Pinterest Inc saw record Global MAUs of 498 million, an 11% growth from the previous year, and revenue growth of 12% amounting to $981 million.</li><li>The multi-fold success of Pinterest's investment into lower funnel offerings, such as mobile deep linking and shopping ads, has led to substantial ROI improvements for advertisers, encouraging them to increase their budgets.</li><li>This success is also extending into Q1 of 2024.</li></ul>

Pinterest Inc saw record Global MAUs of 498 million, an 11% growth from the previous year, and revenue growth of 12% amounting to $981 million.The multi-fold success of Pinterest's investment into lower funnel offerings, such as mobile deep linking and shopping ads, has led to substantial ROI improvements for advertisers, encouraging them to increase their budgets.This success is also extending into Q1 of 2024.

Pinterest Inc: Investment in AI Talent and B2B Marketing and 6 Other Factors Driving Their Growth In 2024 & Beyond! - Financial Forecasts

<ul><li>Pinterest managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Monthly active users reached an all-time high of 482 million, marking an 8% increase and surpassing pandemic-induced peaks.</li><li>At $763 million, total revenue experienced an 11% surge, marking the third consecutive quarter of accelerating growth.</li></ul>

Pinterest managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.Monthly active users reached an all-time high of 482 million, marking an 8% increase and surpassing pandemic-induced peaks.At $763 million, total revenue experienced an 11% surge, marking the third consecutive quarter of accelerating growth.

Pinterest Inc.: Can Its AI Strategy Lead to Unstoppable Growth? - Major Drivers

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

<ul>
<li>Elliott Management has bought a $2B stake in PayPal and seeks cost cutting measures.</li>
<li>PayPal has started to take action through cost cutting, a new buyback, new organizational measures, and increased focus on revenue strategy.</li>
<li>The wild card that would get us more bullish is Elliott forcing a merger with Pinterest, which would yield a readymade Dan Schulman replacement in Bill Ready.</li>
</ul>


Elliott Management has bought a $2B stake in PayPal and seeks cost cutting measures.
PayPal has started to take action through cost cutting, a new buyback, new organizational measures, and increased focus on revenue strategy.
The wild card that would get us more bullish is Elliott forcing a merger with Pinterest, which would yield a readymade Dan Schulman replacement in Bill Ready.


PayPal: Elliott Sees Opportunity, So Do We

<ul><li>Pinterest delivered an all-around beat in the most recent quarterly result.</li><li>The company's strategic focus on core differentiators and visual discovery led to increased user engagement and expansion of the user base.</li><li>Despite challenges in the advertising environment, Pinterest achieved consistent year-on-year revenue growth and margin expansion.</li></ul>

Pinterest delivered an all-around beat in the most recent quarterly result.The company's strategic focus on core differentiators and visual discovery led to increased user engagement and expansion of the user base.Despite challenges in the advertising environment, Pinterest achieved consistent year-on-year revenue growth and margin expansion.

Pinterest Inc.: Embracing Challenges and Emerging as a Dominant Force in Digital Landscape! - Major Drivers

Mostly Borrowed Ideas Deep Dives, MBI Deep Dives

MBI Deep Dives

Mostly Borrowed Ideas Deep Dives

MBI is the abbreviation for “Mostly Borrowed Ideas”. Why “Mostly Borrowed Ideas?” As a generalist, I do not have a background in any particular sector. I enjoy navigating across industries, businesses, and countries to learn, understand, and connect the dots. In any case, most ideas and innovations are incremental in nature. Very few of us are smart enough to come up with truly original or groundbreaking ideas. I am Abdullah Al-Rezwan. I was born and brought up in Bangladesh. I went to University of Dhaka for my undergrad and majored in Finance. After working three and half years in Equity Research (Sell-side) covering Financial Sector in Bangladesh, I left Bangladesh to pursue my MBA in the US. I graduated within top 10% of the class from Cornell University's two-year MBA program and worked on the buy-side following my graduation. During my time at Cornell, I won two stock pitch competitions and also became finalists in four other competitions. I thoroughly enjoyed my stint as a generalist in the US large cap team at Madison Investments and covered a wide range of companies from UnitedHealth to Amazon and Boeing before US immigration reality paused my career in investment management. As my work authorization expired, I moved to Canada in January, 2021. Then in early 2022, I was able to return to the US.

Meta Platforms (Facebook) / Equity Bottom-Up

<ul><li>During the weekend, I asked my twitter followers: What do you think Facebook's DAU to MAU ratio was in 2009?</li><li>The number that got the highest votes was ~80% even though I mentioned the most recent number was ~68%.</li><li>I asked this question a couple of friends in real life too and they too picked the ~80% number.</li></ul>

During the weekend, I asked my twitter followers: What do you think Facebook's DAU to MAU ratio was in 2009?The number that got the highest votes was ~80% even though I mentioned the most recent number was ~68%.I asked this question a couple of friends in real life too and they too picked the ~80% number.

United States

Pinterest, Inc. operates and maintains social networking site. The Company provides online venue for personal photos, ideas, oddities, decorations, places to visit, recipes, and other items. Pinterest serves customers worldwide.

Pinterest (PINS US)

Pinterest Inc: Investment in AI Talent and B2B Marketing and 6 Other Factors Driving Their Growth In 2024 & Beyond! - Financial Forecasts

Pinterest Inc saw record Global MAUs of 498 million, an 11% growth from the previous year, and revenue growth of 12% amounting to $981...

Baptista Research

Pinterest Inc.: Can Its AI Strategy Lead to Unstoppable Growth? - Major Drivers

Pinterest managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. Monthly active users reached an...

Baptista Research

PayPal: Elliott Sees Opportunity, So Do We

We think Elliott's stake in PayPal and management's 4 pronged plan announced on last week's earnings has put the floor in on PYPL. Trading at an...

Aaron Gabin

Pinterest Inc.: Embracing Challenges and Emerging as a Dominant Force in Digital Landscape! - Major Drivers

Pinterest delivered an all-around beat in the most recent quarterly result. The company's strategic focus on core differentiators and visual...

Baptista Research

Meta's Moat

During the weekend, I asked my twitter followers: What do you think Facebook's DAU to MAU ratio was in 2009? The number that got the highest votes...

MBI Deep Dives