Pinterest PINS underwent analysis by 11 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 5 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 2 | 1 | 0 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 2 | 1 | 0 | 0 | 0 |
Analysts have recently evaluated Pinterest and provided 12-month price targets. The average target is $42.45, accompanied by a high estimate of $50.00 and a low estimate of $32.00. Marking an increase of 24.85%, the current average surpasses the previous average price target of $34.00.
Understanding Analyst Ratings: A Comprehensive Breakdown
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 |
|---|---|---|---|---|---|
| Justin Patterson | Keybanc | Raises | Overweight | $48.00 | $37.00 |
| Rohit Kulkarni | Roth MKM | Raises | Neutral | $37.00 | $31.00 |
| Mark Mahaney | Evercore ISI Group | Raises | Outperform | $50.00 | $45.00 |
| Jim Kelleher | Argus Research | Announces | Buy | $45.00 | - |
| Mark Kelley | Stifel | Raises | Buy | $32.00 | $26.00 |
| Brian Pitz | BMO Capital | Announces | Outperform | $45.00 | - |
| 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 | - |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Pinterest. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Pinterest compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Pinterest's stock. This examination reveals shifts in analysts' expectations over time.
For valuable insights into Pinterest's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Pinterest analyst ratings.
About Pinterest
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.
Positive Revenue Trend: Examining Pinterest's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 11.49% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Communication Services sector.
Net Margin: Pinterest's net margin is impressive, surpassing industry averages. With a net margin of 0.88%, the company demonstrates 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 is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.21%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Pinterest's debt-to-equity ratio is below the industry average at 0.06, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyst Ratings: Simplified
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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