Pinterest shares have now more than doubled this year as the stock soared higher following its blowout second-quarter report in July. Still, the company appears to have a lot of growth in front of it as it's only started to monetize its platform and its user base is surging during the pandemic.
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.
Why is Pinterest up?
Shares of Pinterest were rising in extended trading Thursday after the image-sharing platform reported better-than-expected earnings.
Is Pinterest a good stock to invest in?
Pinterest stock now trades at an all-time low valuation. Its price-to-sales (P/S) valuation is currently about 5. For perspective, this is lower than its valuation during the crash of March 2020 when uncertainty was at an inflection point due to the outbreak of the coronavirus.
Is Pinterest stock expected to rise?
Stock Price Forecast The 27 analysts offering 12-month price forecasts for Pinterest Inc have a median target of 28.00, with a high estimate of 39.00 and a low estimate of 15.00. The median estimate represents a +34.94% increase from the last price of 20.75.
Is Pinterest a long term buy?
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.
Does Pinterest have a future?
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. The million-dollar question for investors is whether all of these features and initiatives can get ARPU to $15.81 by the end of 2024.
Will PINS 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.
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 PINS still a buy?
NYSE: PINS Still, this drop has taken the price-to-sales ratio to less than 6, returning to the record lows of early 2020. That also makes it significantly cheaper than Snap, which has a P/S ratio of about 12. Such levels could point to a buying opportunity if sentiments turn positive for the stock.
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.
How high will PINS stock go?
Average Price Target 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 PayPal looking to buy Pinterest?
U.S. payments giant PayPal said it is not currently interested in buying social media platform Pinterest. Responding to what it called "market rumors," the financial technology company said Sunday in an update on its website that it is "not pursuing an acquisition of Pinterest at this time."
Will Pinterest bounce back?
Pinterest Is Due for a Rebound as It Becomes an E-Commerce Destination. Investors in the visual search and social media platform Pinterest (NYSE:PINS) kicked off 2022 in a swirl of bearish sentiment. Since January, PINS stock has slipped more than 32%.
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...
About Pinterest
Pinterest, Inc. engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.
Headlines
Can Pinterest Stock Rebound To $50 Levels? Consider Financial Outlook And Valuations - Seeking Alpha
If Snapchat's results are indicative of the health of the advertising industry, Pinterest shareholders could be in for a party next week
I've been a contributor with the Motley Fool since 2019 and it's been a supreme joy to try to help make the world a little smarter, happier, and richer every day. What's great about exploring business and the economy is the insight it gives you into how things are in the world.
What happened
Shares of Pinterest ( NYSE:PINS) were tracking modestly higher on Friday after peer social-media platform Snap ( NYSE:SNAP) reported positive earnings results. At 10:30 a.m. EST, Pinterest stock was up 3% but had traded 5% higher earlier in the session.
So what
While Pinterest and Snap's Snapchat are two drastically different platforms, they generate revenue in the same way: displaying ads. Therefore, Snap's strong results suggest the ad environment is generally healthy, which bodes well for Pinterest as it prepares to report its financial results next week on April 27.
Now what
Wall Street is more bullish on Pinterest following Snap's financial results because its ad business is likely seeing strong demand as well. But Wall Street was already pretty bullish on the stock before today.
The social media stock got a nice boost to start the fourth quarter
Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Follow him on Twitter to keep up with his latest work! Follow @TMFMathGuy
What happened
The stock market was having an upbeat day on Friday, with all three major indices in the green as of 2 p.m. EDT. However, the tech-heavy Nasdaq was the laggard of the three, up by just 0.3% versus gains of more than 1% for the Dow Jones Industrial Average and S&P 500.
So what
The short explanation behind Friday's move is that an analyst gave the stock some help. An analyst at RBC Capital initiated coverage on Pinterest with a sector perform rating, which is essentially neutral, but with a $58 price target, implying about 10% upside even after Friday's pop.
Now what
To be sure, we tend to take analysts' opinions with a big grain of salt, and this one wasn't exactly a glowing endorsement of Pinterest.
Unlike in Q2, the market seemed interested less in monthly active users and more in the potential of shopping on the platform
In this video, I will go over Pinterest 's ( PINS 0.71% ) Q3 earnings report and talk about all the current and future product developments the company is working on. Overall, it was a much better quarter than last year's, and there was a show of confidence from management. You can find the video below, but here are some of the highlights.
Earnings summary
The company reported Q3 revenue of $633 million, up 43% year over year (YOY). Global monthly active users (MAUs) grew just 1% YOY to 444 million.
NYSE: PINS
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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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