Pinterest, Inc. provides visual discovery engine in the United States and internationally.
Pinterest stock last closed at $35.99, up 1.55% from the previous day, and has increased 43.16% in one year. It has overperformed other stocks in the Internet Content & Information industry by 0.18 percentage points. Pinterest stock is currently +74.71% from its 52-week low of $20.60, and -13.49% from its 52-week high of $41.60.
There are currently 678.98M shares of PINS outstanding. The market cap of PINS is $24.44B. In the past 24 hours, 11.45M PINS shares were traded.
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After you have chosen the best place to buy Pinterest stock, it's critical to research their stock before you buy, so you truly comprehend the risk and upside.
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You can see all of the due diligence checks on PINS's stock page.
Analysts use many financial metrics, analyses, models, and charts to gauge PINS's fair value.
Using relative valuations measures:
You can do additional valuation research on PINS's stock here.
Out of 21 Equities analysts who give forecasts on PINS, the consensus analyst rating on Pinterest is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
Barton Crockett, a top 12% analyst from Rosenblatt reiterates PINS with a strong buy rating and maintains their PINS price target from $45.00 to $45.00, on Feb 9, 2024.
Justin Patterson, a top 8% analyst from KeyBanc maintains PINS with a strong buy rating and raises their PINS price target from $37.00 to $45.00, on Feb 5, 2024.
KeyBanc's Justin Patterson raised their price target on Pinterest (NYSE: PINS) by 21.6% from $37 to $45 on 2024/02/05. The analyst maintained their Strong Buy rating on the stock.
With Pinterest set to report its Q4 and FY 2023 earnings on 2024/02/08, Patterson predicted "solid" quarterly results and that management would provide Y/Y revenue growth guidance of 15% to 17%.
The analyst explained that KeyBanc sees a robust retail/e-commerce and CPG (Consumer Packaged Goods) advertising market, as well as new product development and strategic alliances for Pinterest
Patterson noted that their firm expects "those positive trends" to last throughout 2024.
Yahoo Finance reports that the current consensus EPS estimate for Pinterest's Q1 is $0.51 which, if achieved, would represent a 75.9% increase over Q1 2023's $0.29.
For Q4 2023:
For FY 2023:
For Q1 2024, management guided:
CEO Bill Ready commented: “We had a strong Q4, bookending a transformative year for Pinterest.
“2023 was our most productive year yet as we accelerated our product velocity and launched more solutions than ever before.
"Brands are responding by using our full suite of products to drive even better campaign performance.
"Pinterest is the rare business where the interests of users and advertisers are aligned.
"It’s proven to be true as we continue to post double-digit revenue growth and have achieved an all-time high for global MAUs [Monthly Active Users].
"The changes we made have set us up to be a stronger and more efficient company as we double down on our momentum in 2024.”
Mark Mahaney, a top 2% analyst from Evercore ISI Group maintains PINS with a buy rating and raises their PINS price target from $45.00 to $50.00, on Jan 26, 2024.
Jim Kelleher, a top 6% analyst from Argus Research upgrades PINS to a strong buy rating and announces their PINS price target of $45.00, on Jan 18, 2024.
Mark Kelley, a top 1% analyst from Stifel Nicolaus maintains PINS with a strong buy rating and raises their PINS price target from $26.00 to $32.00, on Jan 9, 2024.
You can dive deeper into what analysts are projecting on the Pinterest stock forecast page.
Last year, PINS revenue was $3.06B. Over the past 5 year, PINS's revenue has increased by 32.22% per year. This was faster than the Internet Content & Information industry average of 19.48%.
You can analyze PINS's earnings and revenue performance here.
Over the last year, executives and large shareholders at PINS have sold more shares than they have bought.
Gokul Rajaram, Director of PINS, was the latest PINS insider to sell. They sold $67,322.54 worth of PINS shares on Feb 21, 2024.
Dig into more about who owns PINS shares here.
No, Pinterest doesn't provide an income stream by paying out dividends.
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