PINS Stock Recent News
PINS LATEST HEADLINES
Pinterest (PINS) reachead $29.12 at the closing of the latest trading day, reflecting a -0.99% change compared to its last close.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
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.
Pinterest produces consistent revenue growth, but the stock is struggling to gain traction. The social media company grew MAUs in Q2 to a record 522 million, up 12% YoY. The stock is a bargain at the current 5x forward EV/S multiple after the steep decline in the last month.
Pinterest (PINS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Pinterest reported its Q2 FY24 earnings where revenue and Adjusted EBITDA grew 21% and 68% YoY respectively, with strong MAU and ARPU growth. The company continued to drive robust AI-led product innovation to help users navigate their shopping journey from inspiration to actionability, while delivering higher ROI on ad spend for advertisers. However, the stock declined post earnings, as investors are likely unimpressed by the management's Q3 revenue and earnings guidance, with revenue growth expected to slow with flat margins.
In a move that's sure to excite investors and shoppers alike, Amazon.com Inc AMZN is making waves by teaming up with social media giants TikTok and Pinterest.
Pinterest shares sold off on news that revenue growth was projected to decelerate next quarter. Pinterest continues to have a large opportunity to monetize international users.
Zacks.com users have recently been watching Pinterest (PINS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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?