Snap (SNAP 0.89%) and Pinterest (PINS -0.41%) have seen their share prices drop from all-time highs.
In the closing of the recent trading day, Pinterest (PINS) stood at $29.49, denoting a -0.41% change from the preceding trading day.
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's unique position as a visual search engine and bottom-funnel advertiser creates a strong moat, leveraging network effects and seamless ad integration. The platform's international growth potential is significant, with rapid increases in MAUs and ARPU, especially outside the US. Pinterest's financials are robust, boasting high margins, substantial cash reserves, and no debt, with strong future growth projections.
Pinterest's US and Canada ARPU is growing well due to increased user engagement and partnerships, but international ARPU lagged due to user base growth in developing countries. Forecasts for 2024 and 2025 reflect a mixed outlook, with lower 2024 revenue but higher 2025 revenue and adjusted EBITDA due to expected user growth and improved monetization. Set target price to $42 and rating to BUY.
PINS appears to be treading in the middle of the road and investors could be better off if they trade with caution.
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.
Most tech stocks seem to be soaring, but not Pinterest. The market is concerned about decelerating growth - I am instead focused on the growing "cash cow." Pinterest has a net cash balance sheet and is imminently close to sustaining GAAP profitability.
After reaching an important support level, Pinterest (PINS) could be a good stock pick from a technical perspective. PINS surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.
Explore the exciting world of Pinterest (PINS 3.06%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
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.
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