17 analysts have shared their evaluations of Pinterest PINS during the recent three months, expressing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 4 | 7 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 2 | 0 | 0 | 0 |
| 2M Ago | 2 | 2 | 5 | 0 | 0 |
| 3M Ago | 2 | 0 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $36.18, a high estimate of $48.00, and a low estimate of $25.00. Witnessing a positive shift, the current average has risen by 13.88% from the previous average price target of $31.77.
Deciphering Analyst Ratings: An In-Depth Analysis
In examining recent analyst actions, we gain insights into how financial experts perceive Pinterest. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Scott Devitt | Wedbush | Raises | Neutral | $35.00 | $32.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $46.00 | $32.00 |
| James Heaney | Jefferies | Raises | Buy | $41.00 | $32.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $40.00 | $37.00 |
| Dan Salmon | New Street Research | Announces | Buy | $48.00 | - |
| Doug Anmuth | JP Morgan | Raises | Neutral | $34.00 | $32.00 |
| Rohit Kulkarni | Roth MKM | Raises | Neutral | $31.00 | $29.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $37.00 | $35.00 |
| Brad Erickson | RBC Capital | Raises | Sector Perform | $32.00 | $30.00 |
| Brian Nowak | Morgan Stanley | Raises | Equal-Weight | $25.00 | $24.00 |
| Scott Devitt | Wedbush | Raises | Neutral | $32.00 | $30.00 |
| Justin Post | B of A Securities | Announces | Buy | $37.00 | - |
| Barton Crockett | Rosenblatt | Raises | Buy | $45.00 | $38.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $37.00 | $35.00 |
| Aaron Kessler | Seaport Global | Announces | Buy | $33.00 | - |
| Mark Kelley | Stifel | Raises | Buy | $32.00 | $27.00 |
| James Heaney | Jefferies | Announces | Hold | $30.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Pinterest. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Pinterest compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Pinterest's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Pinterest's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Pinterest analyst ratings.
Delving into Pinterest's Background
Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from recipes to cook to destinations to travel to. Founded in 2010, the platform consists of a largely female audience, at roughly two thirds of its 450 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features.
Pinterest: Financial Performance Dissected
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Pinterest's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 11.49%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Communication Services sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Pinterest's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 0.88%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Pinterest's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 0.24%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Pinterest's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.21%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Pinterest's debt-to-equity ratio is below the industry average. With a ratio of 0.06, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: Simplified
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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