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According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.50. PINS’ severe share price correction in the past couple of months is no surprise, if one looks at the company’s revenue and monthly active users trend highlighted in its Q earnings presentation slides. Pinterest has witnessed a substantial slowdown in its revenue growth and monthly active user growth in the second half of last year. PINS’ YoY top line expansion moderated from +125% in the second quarter of 2021 to +43% and +20% for Q and Q4 2021, respectively. Similarly, Pinterest’s monthly active user growth slowed from +9% YoY in Q to +1% YoY in Q3 2021, and the company even saw a -6% YoY decline in monthly active users for the most recent quarter. A currency trader watches computer monitors at a foreign exchange dealing room in Seoul, South Korea, Thursday, April 14, 2022.
The company’s 50-day moving average is $25.06 and its two-hundred day moving average is $35.68. TOKYO — Asian shares fell in muted trading as markets https://xcritical.com/ were closed for Good Friday and other holidays. Several institutional investors have recently added to or reduced their stakes in PINS.
Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis. Sydney, Sydney, Manila, Bangkok and Hong Kong were among markets observing holidays on Friday. The company’s user base peaked at 478 million in Q1 of 2021 and has since fallen steadily in the following nine months. One key reason is the emergence of other social media platforms such as TikTok, the unwinding of the pandemic, and lower search traffic.
Daily Ratings & News For Pinterest
FourThought Financial LLC now owns 724 shares of the company’s stock worth $26,000 after acquiring an additional 494 shares during the period. KRS Capital Management LLC purchased a new position in shares of Pinterest during the 4th quarter worth about $26,000. Sandy Cove Advisors LLC purchased a new position in shares of Pinterest during the 4th quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of Pinterest during the 4th quarter worth about $38,000. The shares were sold at an average price of $25.47, for a total transaction of $584,714.79. Alternatively, Pinterest’s actual revenue and EBITDA for FY 2022 would have to beat the sell-side forecasts by a huge margin.
Going forward, Pinterest might also add AR or augmented reality components to expand its monthly active users and drive top-line growth higher. There is no substantial mismatch between the stock’s valuations and the company’s financial outlook to support a Buy or Sell rating. PINS would be a very attractive why is pinterest stock down investment candidate, if its share price could almost double from current levels to reach $50. In energy trading, benchmark U.S. crude added $2.70 to $106.95 a barrel on Thursday, closing nearly 11% higher for the week. Technology stocks led the way lower Thursday, offsetting gains elsewhere in the market.
Stocks wavered in morning trading on Wall Street Thursday as investors reviewed the latest economic data and corporate earnings amid lingering concerns about inflation and rising interest rates. In this photo provided by the New York Stock Exchange, trader James Conti works on the floor, Thursday, April 14, 2022. In this photo provided by the New York Stock Exchange, specialist Stephen Naughton, right, works at his post on the floor, Thursday, April 14, 2022. In this photo provided by the New York Stock Exchange, specialist Dilip Patel, center, works at his post on the floor, Thursday, April 14, 2022. A potential rebound to $50 or where the stock was trading three months ago would make the stock a very attractive investment proposition, but I don’t think this is very likely. PINS’ valuations have de-rated because of slower revenue growth expectations, and this seems quite fair which justifies my Hold rating.
Can Pinterest Stock Rebound To $50 Levels? Consider Financial Outlook And Valuations
PINS’ stock price could see a minor rebound as it experiences accelerating revenue growth in 2H 2022, but returning to the $50 level might be very challenging. Wall Street had mixed economic data to review following several hot inflation reports earlier in the week. The Commerce Department said retail sales rose 0.5% in March, boosted by higher prices for gasoline, as consumers continue to spend despite high inflation. Analysts tracking PINS stock have a 12-month average price target of $41.86, which is 56% higher than its current trading price. Pinterest’s attractive valuation and massive upside potential coupled with its increasing ARPU make it a top bet right now. Similar to most other growth stocks, shares ofPinterest have remained volatile in the last few months.
Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination. Let’s see if the pullback provides investors with a buying opportunity right now. I have no business relationship with any company whose stock is mentioned in this article. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.
- Pinterest is a visual discovery engine, and the social-media company is valued ata market capof $17.63 billion.
- “The Russia-Ukraine conflict inflation effects are now more meaningful than direct military developments in a market sense.
- In this photo provided by the New York Stock Exchange, trader Robert Charmak, center, works on the floor, April 14, 2022.
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Pricey valuations for many of the bigger technology companies give them more sway in directing the broader market higher or lower. “With higher oil prices, higher bond yields, implies the market continues to worry about inflation, worried about Ukraine, worried about the Fed’s response to all of this,” said Sam Stovall, chief investment strategist at CFRA. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
The Bear Case For Pinterest Stock
Wedbush reduced their price target on shares of Pinterest from $45.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, February 4th. Citigroup reduced their price target on shares of Pinterest from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, December 22nd. UBS Group upped their price objective on shares of Pinterest from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, February 4th. Finally, Bank of America cut their price objective on shares of Pinterest from $57.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, February 4th. Twenty investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company.
The material is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. International users account for 80% of Pinterest’s total user base, and the company will have to expand its ARPU metrics consistently to drive revenues higher.
The social-media company explained it aims to improve user engagement by introducing formats such as short-form video, which should increase the consumer’s shopping intent. So, advertisers will now target customers with a higher interest, thereby improving value for all stakeholders. Pinterest is a visual discovery engine, and the social-media company is valued ata market capof $17.63 billion. It has increased sales from $755.9 million in 2018 to $2.57 billion in 2021, indicating an annual growth rate of 50%.
This explains why Pinterest is forecasted to generate faster YoY top line expansion of +22.5%, +26.5% and +26.3% for Q3 2022, Q4 2022, and Q1 2023, respectively, according to the sell-side analysts’ consensus estimates. In my opinion, I think Pinterest’s stock price might see a small rebound or go up slightly in the next one year. This is because Pinterest should witness an acceleration of its revenue growth again in the second half of 2022, given a more favorable base for comparison. Analysts expect revenue to rise by 22% to $3.14 billion in 2022 and by 27.7% to $4 billion in 2023. We can see that PINS stock is trading at a forward price to 2022 sales multiple of 5.60x and a price to earnings multiple of 24.4x, which is quite reasonable.
PINS stock touched an all-time high of $86 last February before falling by almost 70% to currently trade at $26.80. The Wall Street analysts anticipate that PINS’ sales growth will continue to slow from +20.0% in Q to +18.7% in Q and +14.6% in Q as per S&P Capital IQ data. But the second quarter of 2022 should be the worst of Pinterest’s growth deceleration, as most countries began to lift lockdown or ease restrictions in a meaningful way in the second and third quarters of last year.
Pinterest Stock Forecast & Price Targets
Musk has criticized Twitter for not living up to free speech principles and said, in a regulatory filing, that it needs to be transformed as a private company. Investors again turned their attention to the drama surrounding Tesla founder and CEO Elon Musk and Twitter. Musk offered to buy the social media company for $54.20 a share, two weeks after revealing he’d accumulated a 9% stake.
Ukraine was sending top officials to Washington for this week’s spring meetings of the International Monetary Fund and the World Bank amid dire warnings about the impact of the Russian invasion on the global economy. Authorities have ordered shutdowns in some major cities including Shanghai to battle the country’s worst outbreaks of coronavirus since it flared into a pandemic in March 2020. But the biggest impact of the shutdowns will likely be seen in the current quarter. CMC Markets does not endorse or offer opinion on the trading strategies used by the author. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research.
The Bull Case For Pinterest Stock
This website is not intended for users located within the European Economic Area. Brent crude, the basis for pricing international oils rose $1.09 to $112.79 per barrel. A World Bank official said Friday that Ukraine’s prime minister, finance minister and central bank governor are coming. The official spoke on condition of anonymity because the visit had not been officially announced.
Concord Wealth Partners boosted its stake in shares of Pinterest by 242.5% during the 3rd quarter. Concord Wealth Partners now owns 500 shares of the company’s stock worth $25,000 after purchasing an additional 354 shares during the last quarter. FourThought Financial LLC lifted its holdings in shares of Pinterest by 214.8% during the 4th quarter.
Analyst Price Target On Pins
A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, April 15, 2022. Asian shares fell in muted trading as markets remained closed for Good Friday and other holidays. Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, April 15, 2022. Benchmark assumed coverage on shares of Pinterest in a research report on Tuesday, March 1st.
Average Price Target
TipRanks is a comprehensive investing tool that allows private investors and day traders to see the measured performance of anyone who provides financial advice. Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers. U.S. benchmark crude oil gained 92 cents to $107.87 per barrel in electronic trading on the New York Mercantile Exchange. “This morning another rise in oil prices is likely to fuel inflation fears, and rate hike jitters around the meaningful Fed action required to snuff those fears out,” Stephen Innes of SPI Asset Management said in a commentary.
Why Is Pinterest Stock Dropping?
Asian shares were mostly higher Thursday after an advance on Wall Street that ended a three-day losing streak. A currency trader walks by the screens showing the Korean Securities Dealers Automated Quotations , left, and the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Thursday, April 14, 2022. A currency trader walks by the screen showing the Korea Composite Stock Price Index at a foreign exchange dealing room in Seoul, South Korea, Thursday, April 14, 2022. In this photo provided by the New York Stock Exchange, trader Robert Charmak, center, works on the floor, April 14, 2022.
Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company’s engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests.
PINS’ current mid-single digit forward Enterprise Value-to-Revenue multiple and EV/EBITDA multiple in the twenties appear to be reasonably fair. Pinterest’s shares are down by -58.7% since late-October 2021, as Work-From-Home or WFH tailwinds eased.
Pinterest reported sales of $847 million and adjusted earnings of $0.49 per share in Q4 of 2021. Comparatively, Wall Street forecast sales of $827 million and earnings of $0.45 per share in the quarter. You should consider whether you can afford to take the high risk of losing your money. Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice.