8/14/2023 0 Comments Pinterest stock price target![]() Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell. On the technical perspective front, indicators give PINS a short term outlook of 50% Sell on average. Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. Per this projection, the revenue is forecast to grow 6.70% above that which the company brought in 2023. Staying with the analyst view, there is a consensus estimate of $2.99 billion for the company’s annual revenue in 2023. The average estimate suggests sales growth for the quarter will likely rise by 4.30% when compared to those recorded in the same quarter in the last financial year. On average, analysts have forecast the company’s revenue for the quarter will hit $694.42 million, with the likely lows of $605.7 million and highs of $704.63 million. In this case, analysts estimate an annual EPS growth of 27.40% for the year and 27.80% for the next year. Analysts tracking PINS have forecast the quarterly EPS to grow by 0.11 per share this quarter, while the same analysts predict the annual EPS to hit $0.79 for the year 2023 and up to $1. Pinterest Inc., which has a market valuation of $16.14 billion, is expected to release its quarterly earnings report – Aug 04, 2023. Best of all, this upstart technology firm is currently trading undiscovered - below 25-cents per share - so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.Īll the details are in the FREE online report you can get here. One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. To that end, it announced plans of cutting 150 jobs in February.25-cent Stock Takes $11T Commodities Sector Digital ![]() Pinterest stock could also benefit from the company’s commitment to turning leaner and cutting costs. We expect double-digit long-term revenue growth driven by continued product improvements for both Pinner and advertisers, increasing focus on shopping/eCommerce, video, and international. With revenue growth, the Raymond James analyst is confident that Pinterest could nearly double its margins from 16% in 2022 to over 30%. ![]() Summary PINS US72352L1061 PINTEREST, INC. Put together with its high-intent userbase, Kessler expects it to outperform in the midst of a macro slowdown. Homepage Equities United States Nyse Pinterest, Inc. Pinterest Inc relatively less exposed to the ad privacy headwinds as well. Pinterest can navigate the advertising headwinds Revenue, however, came in shy of estimates. in a research note on Friday, January 20th. In February, the image sharing platform reported better-than-expected earnings for its fiscal fourth quarter as Invezz reported HERE. MKM Partners cut shares of Pinterest from a buy rating to a neutral rating and set a 27.00 price target on the stock. Stock screener for investors and traders. Pinterest’s unique visual discovery platform and high-intent user base provides an attractive platform for advertisers, we expect steady user growth going forward and increasing engagement metrics. The analyst is bullish on Pinterest stock primarily because he expects the company to steadily grow over the long term. His $33 price target suggests another 20% upside from here. Get real-time Pinterest (PINS) stock price quotes, analyst insights, forecasts, news, and information you need to help your stock trading and investing. Pinterest stock could climb another 20%Īaron Kessler assumed coverage of the social media company on Friday with an outperform rating. Pinterest Inc ( NYSE: PINS) has already gained about 25% this year but a Raymond James analyst is convinced it’s not done pleasing its shareholders just yet.
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