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Pinterest to Report Q3 Results: Will Revenue Growth Boost Earnings?
ZACKS· 2024-11-04 16:45
Pinterest, Inc. (PINS) is scheduled to report third-quarter 2024 results on Nov. 7, after the closing bell. The company pulled off a trailing four-quarter earnings surprise of 20.92%, on average. In the last reported quarter, it reported an earnings surprise of 3.57%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company is expected to witness a top-line expansion year over year, driven by increasing user engagement in the United States, Canada and Europe. Initiative to introdu ...
Wall Street Analysts Think Pinterest (PINS) Is a Good Investment: Is It?
ZACKS· 2024-10-30 14:36
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. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about Pinterest (PINS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Pinterest currently has an ave ...
Is Most-Watched Stock Pinterest, Inc. (PINS) Worth Betting on Now?
ZACKS· 2024-10-30 14:05
Pinterest (PINS) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this digital pinboard and shopping tool company have returned -1% over the past month versus the Zacks S&P 500 composite's +1.8% change. The Zacks Internet - Software industry, to which Pinterest belongs, has gained 3.5% over this period. Now the key question is: Where could the stock be headed in the ne ...
Will Pinterest Be Worth More Than Amazon by 2050?
The Motley Fool· 2024-10-27 11:14
Could this social shopping leader evolve into an e-commerce titan?Pinterest (PINS 1.63%), one of the world's largest social media platforms, differentiates itself from its competitors in two ways. First, it encourages its users to share their interests, ideas, and hobbies by pinning images, videos, and websites to its virtual pinboards. That user-powered flywheel drives its advertising algorithms to craft more effective first-party ads than other data-mining advertising platforms.Pinterest's platform is als ...
1 Beaten-Down Tech Stock to Buy and Hold
The Motley Fool· 2024-10-27 07:10
This company's recent sell-off provides an excellent opportunity to buy its shares on the dip. Tech stocks have been on fire this year as the artificial intelligence (AI) boom is providing a significant tailwind to several of the most prominent players in the sector. Some AI-focused companies still have plenty of room to run, so it may not be too late to invest in them. However, investors might also want to consider going against the market and purchasing shares of corporations that haven't performed well t ...
Prediction: Pinterest Stock Could Be Headed to $50 in 2025
The Motley Fool· 2024-10-25 07:15
Management made a move that's good for business and it could pay off in a big way in the coming year.Image-browsing platform Pinterest (PINS 0.92%) went public in 2019 and started trading around $24 per share. Investor enthusiasm was riding high and the stock inched closer and closer to $90 in early 2021. But enthusiasm quickly gave way to panic as the price per share collapsed to nearly $17 in 2022.Pinterest stock trades at about $31 per share, as of this writing. But in 2025, I wouldn't be surprised if it ...
Pinterest (PINS) Laps the Stock Market: Here's Why
ZACKS· 2024-10-24 22:56
Pinterest (PINS) closed the most recent trading day at $31.83, moving +0.92% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.22%. On the other hand, the Dow registered a loss of 0.33%, and the technology-centric Nasdaq increased by 0.76%.Prior to today's trading, shares of the digital pinboard and shopping tool company had lost 1.9% over the past month. This has lagged the Computer and Technology sector's gain of 2.29% and the S&P 500's gain of 1.47% in ...
Pinterest faces EU privacy complaint over tracking ads
TechCrunch· 2024-10-24 05:00
Core Viewpoint - Pinterest is facing a complaint from the European privacy rights non-profit noyb for allegedly breaching the General Data Protection Regulation (GDPR) by not obtaining user consent for tracking and profiling for advertising purposes [1][2]. Group 1: GDPR Compliance Issues - The GDPR allows for penalties of up to 4% of global annual turnover for confirmed breaches, which could lead to significant sanctions for Pinterest [1]. - The complaint includes accusations that Pinterest failed to fulfill a GDPR data access request, not providing information on the categories of data shared with third parties [2][5]. - Pinterest is relying on a legal basis known as legitimate interest (LI) for processing user data for ad targeting, which noyb argues is non-compliant with GDPR [3][4]. Group 2: User Tracking Practices - Pinterest tracks all of its approximately 130 million regional users by default to personalize ads, requiring users to actively object to this tracking rather than being asked for consent [3]. - A complainant discovered that "ads personalization" was turned on by default and that Pinterest uses information from visited websites and other third parties for ad display [5]. - The complaint asserts that Pinterest's tracking practices are unlawful since the introduction of GDPR in 2018 [5][6]. Group 3: Legal Proceedings and Potential Outcomes - The complaint has been filed with France's data protection authority, but it may be passed to Ireland's Data Protection Commission due to Pinterest's regional headquarters in Dublin [7]. - The complaint calls for Pinterest to delete any data processed for ads, fulfill the data access request, and be fined to deter future GDPR breaches [6].
Pinterest (PINS) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2024-10-18 22:50
In the latest trading session, Pinterest (PINS) closed at $33.18, marking a +0.73% move from the previous day. This change outpaced the S&P 500's 0.4% gain on the day. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq appreciated by 0.63%. Shares of the digital pinboard and shopping tool company have appreciated by 7.93% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.88% and the S&P 500's gain of 3.76%. Investors will be eagerly watching ...
Pinterest (PINS) Is Considered a Good Investment by Brokers: Is That True?
ZACKS· 2024-10-14 14:39
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Pinterest (PINS) . Pinterest currently has an average brokerage recommenda ...