I'm calling buy on Pinterest. The platform's unique blend of aesthetics and commerce should see reversal to growth struggles with improved shopability. Pinterest's focus on personalized marketing and AI-driven ad automation tools is boosting advertiser trust and performance on the platform, and I think that'll pay off in the mid-term. Shoppable ads and a stronger recommendation algorithm are what I expect to be the drivers for a higher average revenue per user.
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 (PINS) shares slid Monday after analysts at Jefferies downgraded the social media company over advertising revenue concerns.
Jefferies gives several reasons why Pinterest and Etsy didn't make its list of winners.
Pinterest Inc (NYSE:PINS) stock is down 3.6% to trade at $29.55 at last check, after a downgrade from Jefferies to "hold" from "buy," as well as a price-target cut to $32 from $40.
In the most recent trading session, Pinterest (PINS) closed at $30.94, indicating a +1.18% shift from the previous trading day.
Social media stocks were a mixed bag in 2024. Meta Platforms (META 2.35%) was the big winner of the group, up about 68% on the year, while Pinterest (PINS 5.45%) and Snap (SNAP 4.36%) were down 18% and 34%, respectively.
Pinterest (PINS) closed the most recent trading day at $29.56, moving -1.2% from the previous trading session.
The latest trading day saw Pinterest (PINS) settling at $29.92, representing a +0.07% change from its previous close.
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.
The company has a massive market opportunity and is only beginning to scratch the surface.
The social media company is forecasted to grow free cash flow throughout the next several years.