Shares of Pinterest (NYSE: PINS)are falling today, down 5.6% as of 11:07 a.m. EDT, after being caught up the broader market's slide on fears of a growing wave of coronavirus infections in the U.S. and Europe.
Why was PayPal interested in buying Pinterest?
Jul 30, 2021 · Shares of Pinterest closed down 18.24% after the company's second-quarter results, published Thursday, revealed a decline in monthly active users.
Why Pinterest is dropping its like button?
Why Is Pinterest Stock Down This Week? Once a pandemic darling, Pinterest (NYSE: PINS) has suffered from big selling. PINS stock saw the high of $88 in …
Why does Pinterest not work?
Jan 07, 2022 · Why Pinterest Stock Is Already Down 10% in 2022. By Jon Quast - Jan 7, 2022 at 9:03AM Key Points. Stock analysts are coming out with new ratings for Pinterest stock in 2022 and the sentiment is ...
Will Pinterest stock rise?
Oct 21, 2021 · Shares of visual search and media platform specialist Pinterest ( NYSE:PINS) slipped on Thursday, declining as much as 3.2%. By the time the market closed, the stock was down about 2%. The growth ...
Why is Pinterest stock declining?
PINS stock is currently 67% below its 52-week high of $89.90, which was reached in February 2021 just before the rotation into value and cyclical securities began. To be sure, the deflation of Pinterest has also been caused by slowing growth, an abandoned takeover rumor and mixed financial results.Jan 19, 2022
Is Pinterest a good stock to buy?
So, should I buy Pinterest stock? Analysts tracking PINS stock have a 12-month average price target of $41.86, which is 56% higher than its current trading price. Pinterest's attractive valuation and massive upside potential coupled with its increasing ARPU make it a top bet right now.Feb 10, 2022
Will Pinterest stock recover?
The Wall Street analysts anticipate that PINS' sales growth will continue to slow from +20.0% in Q4 2021 to +18.7% in Q1 2022 and +14.6% in Q2 2022 as per S&P Capital IQ data.Feb 18, 2022
Is Pinterest stock expected to rise?
According to the algorithm-based PINS stock forecast from Wallet Investor, as of 10 February, Pinterest stock could reach $25.103 by the end of December 2022, $26.938 by the end of December 2023, $28.828 by the end of 2024 and $30.960 by the end of 2025.Feb 11, 2022
Is Pinterest a good stock to buy 2022?
Throughout 2022, Pinterest might be rumored to be an acquisition target and continue to see some stock price volatility as a result. However, if Pinterest continuously turns them down, investors should be encouraged, as it means management believes future growth far outweighs the purchase price offered at the present.Feb 13, 2022
Is PINS a buy now?
After Its Re-Rating, PINS Stock is a Buy | InvestorPlace.Mar 13, 2022
Is Pinterest a good long-term investment?
Such is the case with all stock market investments, there is always a risk, but with the everchanging dynamics that has resulted in more people than ever doing business online, as well as social interaction, Pinterest still stands to be a solid long-term investment for interested buyers, at least for now.
What is the target price for Pinterest stock?
Pinterest Inc (NYSE:PINS) The 25 analysts offering 12-month price forecasts for Pinterest Inc have a median target of 37.00, with a high estimate of 50.00 and a low estimate of 20.00. The median estimate represents a +38.63% increase from the last price of 26.69.
Is PINS a buy or sell?
Out of 16 analysts, 3 (18.75%) are recommending PINS as a Strong Buy, 0 (0%) are recommending PINS as a Buy, 13 (81.25%) are recommending PINS as a Hold, 0 (0%) are recommending PINS as a Sell, and 0 (0%) are recommending PINS as a Strong Sell. What is PINS's earnings growth forecast for 2022-2024?
Key Points
Stock analysts are coming out with new ratings for Pinterest stock in 2022 and the sentiment is generally bearish.
NYSE: PINS
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What happened
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.
So 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.
Now what
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.
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NASDAQ: PYPL
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What happened
Shares of visual search and media platform specialist Pinterest ( PINS 8.34% ) slipped on Thursday, declining as much as 3.2%. By the time the market closed, the stock was down about 2%.
Now what
Shares of PayPal have now declined more than 10% since rumors started circulating that the company was considering buying Pinterest. The stock's decline implies that the market largely thinks a buyout of Pinterest would be a bad idea.
NASDAQ: PYPL
The bid, rumored to be valued at about $45 billion, or about $70 per Pinterest share, may be viewed as a steep price to pay considering that Pinterest's trailing-12-month net income only amounts to $161 million. However, Pinterest is growing incredibly fast, making lucrative profits likely in the future.
Now what
Volatility in Pinterest's stock price will likely persist as investors try to decipher the likelihood of this acquisition panning out. Given the uncertainties surrounding what will happen, investors may want to stay focused on Pinterest's underlying business and their view of the stock's long-term potential as an independent company.
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Key Points
The fallout from a rumored PayPal acquisition has sparked sharp selling in Pinterest shares.
NYSE: PINS
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What happened
Shares of visual search and media platform specialist Pinterest ( PINS -3.36% ) fell sharply on Wednesday, extending a sharp descent from levels in the $60s just last week. As of 12:30 p.m. EDT, the growth stock was down more than 4% on Wednesday.
So what
For the week, Pinterest shares are now down about 21%. Even worse, shares are down 27% over the past five trading days.
Now what
Pinterest's business has been benefiting from extraordinary top-line momentum recently, with second-quarter revenue growing 125% year over year (the company was up against an easy year-ago comparison) and third-quarter revenue expected to increase in the low 40% range.
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