Pinterest (PINS) closed the latest trading day at $40.82, indicating a -0.68% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.16%. Elsewhere, the Dow saw a downswing of 0.14%, while the tech-heavy Nasdaq depreciated by 0.06%. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Z ...

Image Source: Zacks Investment Research Focus on AI Models Pinterest expects operating expenses to increase substantially in the near term for expanding operations domestically and internationally, enhancing product offerings, broadening Pinner and advertiser base, expanding marketing channels, hiring additional employees and developing technology. In addition, Pinterest faces significant competition from larger, more established companies such as Amazon, Facebook (including Instagram), Google, Snap and Twi ...

Kenneth Cheung Market Conditions Total Job Openings and Number of New Jobs Over Time # of total job openings # of new ngs (84 day trailing 5000 scoo 4000 6000 3000 4000 2000 2000 1000 1/1/201 1/1/2024 Source: Revealera.com Piper Sandler also noted slower growth in traffic from Pinterest to Amazon (AMZN) in May, with YoY traffic growth of 83%, down from 147% in April and around 100% in the prior seven months. In addition, cost per click continued to decline between February and May, which is not surprising g ...

Eddie Pan specializes in institutional investments and insider activity. He writes for InvestorPlace's Today's Market team, which centers on the latest news involving popular stocks. In addition, Grizzly believes that advertisement revenue in low-income countries will not be able to make up for a slowdown in the West. That's inherent in the name, as people with low-income will have less money to spend. Pinterest (NYSE:PINS) stock is in the green today despite the release of a short report from Grizzly Resea ...

The digital pinboard and shopping tool company's stock has dropped by 1.36% in the past month, falling short of the Computer and Technology sector's gain of 8.61% and the S&P 500's gain of 4.34%. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.46 per share and a revenue of $3.67 billion, indicating changes of +33.94% and +20.06%, respectively, from the former year. Research indicates that these estimate revisions are directly correlated with near-term share price mom ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Pinterest (PINS) . This company, which is in the Zacks Internet - Software industry, shows potential for another earnings beat. This digital pinboard and shopping tool company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for ...

Loading... Amazon.com Inc AMZN and its Prime video ad ramp Alphabet Inc GOOGGOOGL and Google's AI Overviews ramp. Meta Platforms' META business messaging adoption "Besides macro, AI remains the top sector sentiment driver," the firm noted, adding that it prefers "more risk-on stocks" in the second half of 2024. "BofA economists expect cooling inflation, positive GDP growth and lower rates exiting 2024, which could favor stocks with higher beta/risk profiles." Stock Picks: Bank of America highlights seven st ...

Pinterest's assertions about digital engagement among members of Gen Z are borne out by the latest edition of PYMNTS "How the World Does Digital" report. The research from that report shows that Gen Z consumers engaged in 23.5 digital activities per month, compared to 9.6 per baby boomers. Video streaming, meanwhile, was the most popular type of digital activity, with nearly 60% of all consumers engaging in it at least weekly. However, roughly 70% of FinTechs also say Gen Z consumers just do not make enough ...

Pinterest (PINS) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Here at Zacks, we prioritize appraising the change in the proj ...

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