Is Pinterest a good stock to buy?
Pinterest Stock: Time to Buy?
- Incredible momentum. Rewind to October and you may recall Pinterest reporting a stellar comeback quarter after a coronavirus-related slowdown in advertising spend in Q2.
- A reasonable valuation. While it's easy to see why Pinterest is a great business with lots of potential, the same can't be said about the company's stock -- at least ...
- The verdict. ...
Should I buy Pinterest stock?
Should You Buy or Sell Pinterest Stock Right Now?
- Pinterest’s fourth-quarter earnings results. In the fourth quarter of 2019, Pinterest reported revenue of $399.9 million—46.4% growth from $273.2 million in the fourth quarter of 2018.
- User base. ...
- Peer comparison. ...
- Analysts’ recommendations for Pinterest. ...
- Pinterest stock’s valuation. ...
- Technical level. ...
What is going on with Pinterest stock?
- Snap, Twitter, and Pinterest fell Thursday after Facebook parent Meta's earnings miss rattled social media stocks.
- Snapchat's owner tumbled as much as 19%, while Twitter and Pinterest lost more than 7%.
- Fears are again rising around the prospects of Wall Street tech darlings, an analyst said.
Can you buy stock in Pinterest?
The idea-sharing platform Pinterest was one of the buzziest initial public offerings last year: The company went public in April 2019, which means investors can now buy Pinterest stock under the...
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Why is Pinterest stock going down?
Once a pandemic darling, Pinterest (NYSE:PINS) has suffered from big selling. PINS stock saw the high of $88 in 2021 when the pandemic was at its peak and the majority of us were locked inside our homes. However, as the impact of the pandemic subsided, PINS stock started to fall.
What is wrong with Pinterest stock?
Pinterest stock is down due primarily to an decrease in monthly active users. Management is working to drive engagement through creator-generated short videos and a more personalized shopping experience.
Will Pinterest stock ever recover?
Pinterest's shares are down by -58.7% since late-October 2021, as Work-From-Home or WFH tailwinds eased. PINS' stock price could see a minor rebound as it experiences accelerating revenue growth in 2H 2022, but returning to the $50 level might be very challenging.
Is Pinterest still a good stock?
Despite fewer people on its platform, 2021 revenue came in at almost $2.6 billion, a 52% increase from year-ago levels. Moreover, Pinterest reported a profit of $316 million for the year, a considerable improvement over the $128 million loss in 2020.
Why is PINS stock falling?
Pinterest PINS –3.21% shares tumbled after a downgrade by Guggenheim. The firm cited data that users were leaving the platform. Analysts downgraded the stock to Neutral from Buy and lowered the price target to $39 from $46. Pinterest (ticker: PINS) shares dropped more than 9% to $33.13 on Tuesday.
How high will PINS stock go?
Analyst Price Target on PINS Based on 21 Wall Street analysts offering 12 month price targets for Pinterest in the last 3 months. The average price target is $29.37 with a high forecast of $38.00 and a low forecast of $20.00.
What will PINS be worth in 5 years?
According to the latest long-term forecast, Pinterest price will hit $20 by the middle of 2022 and then $30 by the end of 2023. Pinterest will rise to $40 within the year of 2024, $50 in 2025, $60 in 2027, $70 in 2029, $75 in 2031 and $80 in 2032.
Should I hold Pinterest stock?
25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pinterest in the last twelve months. There are currently 19 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Pinterest stock.
Is Pinterest still relevant 2022?
Pinterest is the 14th largest social network in the world In terms of global active users, Pinterest ranks as the 14th largest platform in the world as of January 2022. The platform beats both Twitter and Reddit, but ranks below social networks like Facebook, Instagram, TikTok and Snapchat.
Is PINS a buy now?
The situation with Pinterest (NYSE:PINS) stock is much like the situation with Meta Platforms (NASDAQ:FB). Of course, both are social media plays. But both have seen their respective valuation compress on the prospect of slowing growth.
Does Pinterest have a good future?
Pinterest had 431 million monthly active users (MAUs) at the end of December. Globally, its average revenue per user (ARPU) in 2021 was $5.79, 36% higher than a year earlier.
Is PINS a good investment?
PINS stock offers the potential for a moderately high gain. It's already taken its lumps in terms of multiple compression as well. Consider it a buy while it's out of favor.
Is Pinterest a buy right now?
25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinterest in the last twelve months. There are currently 19 hold ratings...
Are investors shorting Pinterest?
Pinterest saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 39,890,000 shares, an increas...
When is Pinterest's next earnings date?
Pinterest is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for Pinterest .
How were Pinterest's earnings last quarter?
Pinterest, Inc. (NYSE:PINS) issued its quarterly earnings data on Wednesday, April, 27th. The company reported ($0.01) earnings per share (EPS) for...
What price target have analysts set for PINS?
25 equities research analysts have issued 12 month price targets for Pinterest's shares. Their forecasts range from $20.00 to $65.00. On average, t...
Who are Pinterest's key executives?
Pinterest's management team includes the following people: Mr. Benjamin Silbermann , Chairman, Co-Founder, Pres & CEO (Age 39, Pay $199.1k) Mr....
What is Ben Silbermann's approval rating as Pinterest's CEO?
217 employees have rated Pinterest CEO Ben Silbermann on Glassdoor.com . Ben Silbermann has an approval rating of 91% among Pinterest's employees....
Who are some of Pinterest's key competitors?
Some companies that are related to Pinterest include Baidu (BIDU) , Zoom Video Communications (ZM) , Twitter (TWTR) , Snap (SNAP) , Trade Desk...
What other stocks do shareholders of Pinterest own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Pinterest investors own include NVIDIA (NVDA) , Square (S...
Is Pinterest stock a Buy, Sell or Hold?
Pinterest stock has received a consensus rating of hold. The average rating score is and is based on 35 buy ratings, 39 hold ratings, and 0 sell ra...
What was the 52-week low for Pinterest stock?
The low in the last 52 weeks of Pinterest stock was 16.14. According to the current price, Pinterest is 115.74% away from the 52-week low.
What was the 52-week high for Pinterest stock?
The high in the last 52 weeks of Pinterest stock was 81.75. According to the current price, Pinterest is 22.85% away from the 52-week high.
What are analysts forecasts for Pinterest stock?
The 74 analysts offering price forecasts for Pinterest have a median target of 57.68, with a high estimate of 104.00 and a low estimate of 21.00. T...
How much did Pinterest profit in 2020?
Is Pinterest allowing weight loss ads?
It is a company that definitely profited from 2020, with a surge of new users reaching 100 million during the year.
Is Pinterest a growth stock?
Pinterest Inc is banning all ads with weight loss language and imagery, including ads that idealize or denigrate certain body types, it said on Thursday. The digital pinboard site said it would also not allow ads with testimonials about weight loss or weight loss products, or ads referencing Body Mass Index (BMI) or similar indexes. Ads promoting healthy lifestyles, habits or fitness services and products are still allowed on the platform if they do not "focus on weight loss."
Key Points
If growth stocks are what tickle your fancy, social media platform Pinterest (NYSE: PINS) is your ticket to doubling your initial investment. Pinterest's platform, which allows users to share what things, services, and places interest them, was one of these key beneficiaries. The company's monthly active user count grew by 37% in 2020, which was up from an annual average of 30% in the three years leading up to the pandemic.
NYSE: PINS
Stock analysts are coming out with new ratings for Pinterest stock in 2022 and the sentiment is generally bearish.
What happened
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So what
Shares of Pinterest ( PINS -3.36% ) have already fallen 10.1% in 2022, as of the market's close on Thursday. This comes after the stock fell 45% in 2021. Shareholders undoubtedly were hoping that this year would be better than last. But they're likely disappointed with this performance out of the gate.
Now what
On Dec. 4, Wolfe Research analyst Deepak Mathivanan started covering Pinterest stock and gave it a $45-per-share price target, according to The Fly. That same day, Guggenheim analyst Michael Morris gave it a $39-per-share price target, according to TipRanks, lowering the stock's rating from buy to neutral.
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Investors should keep some human psychology in mind: When stocks are going up we tend to think they'll keep going up, and vice versa. And I believe Morris illustrates this. In the past year, Morris recommended buying Pinterest stock three times, at $84 per share, at $66 per share, and at $44 per share.
Is tech stock volatile?
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Is Pinterest expanding?
Tech stocks have been volatile trades so far in 2021, and we’re liable to see more wild swings in the near future. As the global economy reopens, investors increasingly find themselves in an ambivalent position where they need to choose between cyclical “old economy” stocks and high-growth tech stocks.
Is Pinterest allowing weight loss ads?
Pinterest, Inc. (NYSE: PINS) today, announces that it is expanding Idea Pins, its multi-page video Pin format, to all creators in India, Indonesia, Spain, Italy, Ireland, New Zealand, Brazil, Mexico, Argentina, Chile, Columbia, Peru, Japan, and Sweden. This new access and capability will empower anyone with a business account in these countries to create inspiring content and closer interact with their audiences, building more engaged communities directly on Pinterest.
Is Pinterest profitable in 2020?
Pinterest is banning all ads with weight loss language and imagery, including ads that idealize or denigrate certain body types, it said on Thursday. The digital pinboard site said it would also not allow ads with testimonials about weight loss or weight loss products, or ads referencing Body Mass Index (BMI) or similar indexes. Ads promoting healthy lifestyles, habits or fitness services and products are still allowed on the platform if they do not "focus on weight loss."
NYSE: PINS
Pinterest, Inc. ( NYSE: PINS ) had a volatile year so far, rising as high as US$90 and falling as low as US$54. It is a company that definitely profited from 2020, with a surge of new users reaching 100 million during the year. While on the verge of profitability, we can see that Pinterest does use debt in its business.
Concerns over user growth cloud the social media stock, but it could be a worthwhile investment
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The story behind user growth
The recent nosedive in tech stocks has resulted in many high-quality companies offering compelling buy opportunities. One to consider is Pinterest ( PINS -3.36% ), the online pinboard and social media business that describes itself as a "visual discovery engine."
Powering revenue growth
Let's start by understanding Pinterest's user base decline. In 2019, the company added an average of 17.5 million global MAUs every quarter. That number nearly doubled to 32 million in the first quarter of 2020, and jumped almost threefold the following quarter as pandemic lockdowns began, and internet usage exploded.
Excellent financial health
Pinterest is able to grow revenue by maintaining a core set of users through frequent improvements to its service while seamlessly integrating advertising -- the source of its income.
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Pinterest also achieved a key milestone last year. While many tech companies operate at a loss for years, Pinterest reached profitability. Through the first three quarters of 2021, Pinterest's net income stood at $141.7 million compared to a net loss of $336.2 million in 2020.
There are reports that a major player might be courting the so-called "anti-social media" platform
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What happened
Daniel W. Vena, CPA, CGMA is a long-term investor searching for intangibles that provide explosive growth opportunities in his investments. He served on active duty with the US Army and has a Bachelor's degree in accounting. Follow @dannyvena
So what
Shares of Pinterest ( NYSE:PINS) charged sharply higher Wednesday, surging as much as 18.7%. As of 12:39 p.m. EDT, the stock was up 7.9%.
Now what
Rumors emerged that digital payments kingpin PayPal Holdings ( NASDAQ:PYPL) is potentially interested in acquiring Pinterest. The story first appeared in Bloomberg, which cited "people with knowledge of the matter," before the report spread like wildfire.
Why did pins stock drop?
This isn't the first time Pinterest has been approached by a big-name suitor. Reports emerged early this year that Microsoft had tried to buy Pinterest for $51 billion. At the time, the company had rebuffed the advances and talks stalled, as Pinterest preferred to remain an independent entity.
Is Pinterest slowing down?
PINS stock slumped after earnings as investors got a better sense of user activity. The steep drop in shares of Pinterest (NYSE: PINS) resumed after the company posted quarterly earnings on April 27. Investors fretted over the user growth warning ahead of the re-openings.
