PINS Stock Recent News

The latest trading day saw Pinterest (PINS) settling at $32.94, representing a -1.29% change from its previous close.

Pinterest (PINS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

SAN FRANCISCO--(BUSINESS WIRE)--Pinterest, Inc. (NYSE: PINS) will release financial results for the third quarter 2024 on Thursday, November 7th, 2024 after market close. The company will host its quarterly conference call to discuss these results at 1:30 p.m. PT (4:30 p.m. ET) on the same day. A live webcast of the conference call and related earnings release materials can be accessed on Pinterest's Investor Relations website at investor.pinterestinc.com. A replay of the webcast will be availa.

Two high-octane growth stocks have the necessary catalysts to leave Wall Street's artificial intelligence (AI) darling Nvidia in the dust.

Pinterest PINS is a social media platform that is known for its visual inspiration and shopping features. However, Pinterest stock has experienced a lot of turbulence in the past few months.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

In the closing of the recent trading day, Pinterest (PINS) stood at $33.74, denoting a -0.3% change from the preceding trading day.

Pinterest Inc (NYSE:PINS) has been added to Goldman Sachs' Americas Conviction List, with analysts seeing the company as a “well-positioned, profitable, compounder in the digital advertising space.” In a note to clients, analysts wrote that they continue to expect Pinterest to deliver compound topline growth at a mid-to-high teens percentage pace and steady adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margin expansion of about 300 basis points per year for the next five years, both of which are above current buyside expectations put it on a path to GAAP earnings per share (EPS) that implies it trading at a price to earning ex-cash multiple similar to Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB).

Pinterest NYSE: PINS is a social media platform that is known for its visual inspiration and shopping features. However, Pinterest stock has experienced a lot of turbulence in the past few months.

Pinterest, despite facing lower ad prices and increased costs, remains a promising investment with over 500 million monthly users and strong e-commerce growth. The platform's partnerships with Amazon and AI-powered innovations, coupled with Gen Z engagement, are key drivers for long-term growth and ad revenue. Pinterest's valuation is attractive with a P/E ratio of 24.33x, supported by strong earnings growth and low long-term debt, appealing to value investors.