Pinterest and other social media companies make their money from advertising revenue, so a "deteriorating" economic picture, as Snap described it, means less demand from brands that can't count on consumers to buy their advertised goods. Year to date, Pinterest shares are down 45%.
Why was PayPal interested in buying Pinterest?
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Why Pinterest is dropping its like button?
Pinterest is dropping its Like button after internal research found users better understand the platform without it, the company announced in a blog post. Existing Likes aren't going away, however, as each user will get a new private board on their profile called "Your Pinterest Likes" that will catalog all previously liked pins.
Why does Pinterest not work?
Fix Pinterest Not Working On Chrome. Make sure to create a restore point just in case something goes wrong. Method 1: Turn Off Hardware Acceleration When Available. Pinterest may not be working on Chrome because of hardware intervention. By turning the hardware acceleration option off, we can solve the problem.
Will Pinterest stock rise?
The consensus among analysts is that Pinterest Inc. (PINS) is an Overweight stock at the moment, with a recommendation rating of 2.40. 1 analysts rate the stock as a Sell, while 3 rate it as Overweight. 17 out of 31 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight.
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Is Pinterest a good stock to invest in?
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.
Is Pinterest stock expected to rise?
Stock Price Forecast The 26 analysts offering 12-month price forecasts for Pinterest Inc have a median target of 25.00, with a high estimate of 37.00 and a low estimate of 15.00. The median estimate represents a +38.20% increase from the last price of 18.09.
Why is Pinterest stock up?
Pinterest shares surged in extended trading after the social media firm reported better-than-expected adjusted earnings. The company reported non-GAAP net income of $68.99 million, or 10 cents a share, and revenue of $574.9 million.
Will Pinterest stock bounce back?
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.
Does Pinterest have a future?
That's an ARPU of $8.69 in 2022, $12.16 in 2023, and $15.81 in 2024. This translates into 2024 revenues of $6.81 billion. In 2021, Pinterest had an operating profit of $326.2 million on $2.6 billion in sales while spending $780.3 million on R&D.
Is PINS a buy now?
Right now, PINS stock is not a buy.
Why did PINS stock drop?
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. The numbers reflected declining user interest and investors started losing faith in the company.
How high will PINS stock go?
Analyst Price Target on PINS Based on 23 Wall Street analysts offering 12 month price targets for Pinterest in the last 3 months. The average price target is $28.19 with a high forecast of $38.00 and a low forecast of $20.00.
Is Pinterest overvalued?
Pinterest also has a sky-high price-to-earnings ratio of 165.33, which has led some on Wall Street to label the stock as being “overvalued.” By comparison, the average price-to-earnings ratio among companies listed on the tech-heavy Nasdaq stock exchange is 30.
What will PINS be worth in 5 years?
According to the latest long-term forecast, Pinterest price will hit $30 by the middle of 2023 and then $50 by the end of 2024. Pinterest will rise to $60 within the year of 2025, $70 in 2026, $80 in 2027, $90 in 2029 and $100 in 2032.
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 hold or sell?
Pinterest has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 5 buy ratings, 20 hold ratings, and no sell ratings.
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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A surprise decline in U.S. active users sent investors heading for the exits
Joe honed his investing skills as an analyst for Stock Advisor. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns.
What happened
Shares of Pinterest ( NYSE:PINS) plunged 18% on Friday after the social media platform reported disappointing second-quarter results.
So what
Pinterest's revenue soared 125% year over year to $613.2 million. Its net income, meanwhile, improved to $69.4 million from a loss of $100.7 million in the year-ago period. The gains were fueled by strong increases in average revenue per user (ARPU), as advertisers ramped up their spending on Pinterest's platform during the pandemic.
Now what
With millions of people stuck at home, new users flocked to Pinterest during the early stages of the COVID-19 crisis. But as the economy reopens and people spend more time outdoors and offline, the image-sharing site's growth is slowing. Management expects Pinterest's revenue growth to decelerate to "the low-40% range" in the third quarter.
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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