![]() But years of business results have a tendency to smooth that volatility out. The shorter your time horizon, the more volatile stocks can be. Therefore, any decision to buy or not buy Pinterest stock should be based on how well you believe the company can do both of those things. Pinterest needs to grow its user base and increase its monetization of its audience - these are the fundamental issues. Here's my point: Don't let stock price movements influence how you feel about a company. But now that it trades around $33 per share, the recommendation is to hold, not buy. Pinterest is forecasted to grow earnings and revenue by 61.3 and 12.1 per annum respectively. ![]() In the past year, Morris recommended buying Pinterest stock three times, at $84 per share, at $66 per share, and at $44 per share. 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. Moreover, technology stocks like Pinterest have generally struggled in 2022, so Pinterest isn't alone in its 10% decline. Taken together, this analyst commentary comes off a little bearish. Their PINS share price forecasts range from 21.00 to 35.00. If retail investors were looking for clarity from the analyst community, this trio of recommendations probably muddied the waters further. 22 Wall Street research analysts have issued 1 year price targets for Pinterests shares. ![]() This potential increase is based on a high estimate of 65.00 and a low estimate of 20.00. But Champion simultaneously lowered the stock's price target from $58 per share to $53 per share, according to The Fly, which seems counterintuitive. The average price target of 39.00 for Pinterests stock set by two distinguished analysts in recent weeks would represent a potential upside of approximately 86.51 from the last closing price in May, 2023 if reached by the end of the year. Shares of Meta Platforms have surged 13% since Wednesday, when the owner of Facebook and Instagram forecast quarterly revenue well above analyst expectations.Īlso on Wednesday Google-owner Alphabet's quarterly results showed ad sales held up better than expected.The next day, Piper Sandler analyst Thomas Champion upgraded Pinterest stock from neutral to buy. Short sellers betting against Pinterest and Snap were up about $240 million in mark-to-market profits due to Friday's selloff, Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, said in an email.Īt least 12 analysts cut their price targets for Snap, while Pinterest saw at least seven price target cuts on its stock. The two companies lost a combined $6 billion in stock market value, with Pinterest now valued at $15 billion and Snap at $13 billion. "Aside from Snap’s internal issues, the competitive landscape remains daunting, and we believe the darkest days of this downturn are ahead of us," Monness Crespi Hardt analyst Brian White wrote in a client note on Friday. Snap said it was taking steps to improve the relevance of ads shown to users, and those changes in some cases meant advertisers saw fewer "actions," such as users' tapping on ads. It warned results in the next quarter could fall below Wall Street's targets. ![]() Pinterest forecast second-quarter revenue growth below Wall Street estimates late on Thursday as the image-sharing platform grapples with a pullback in advertising spending in a market it warned remained uncertain.Īlso reporting late on Thursday, Snapchat owner Snap missed analysts' expectations for revenue, blaming changes to its advertising platform that it said hurt demand for ads. Their disappointing reports late on Thursday stood in contrast to strong results earlier this week from digital advertising heavyweights Alphabet Inc (GOOGL.O) and Meta Platforms Inc (META.O), and show that advertisers are sticking with the biggest players in an uncertain economy. did not provide targets for 2030, its longer-term Pinterest stock. April 28 (Reuters) - Shares of both Pinterest Inc (PINS.N) and Snap Inc (SNAP.N) tumbled about 18% on Friday after the two social media companies' quarterly reports spooked investors worried about weak digital ad spending. 99 Leverage Shares -1x Short Roku Fund Price Forecast, SROK fund price prediction.
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