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?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 re ...

Key PointsPinterest is a drama-free social commerce platform for consumers looking to discover inspirational ideas and products about fashion, cooking, crafts, hobbies and lifestyles.Global monthly active users (MAUs) surged 10% to 498 million.Pinterest developed its first-ever live-streaming TV series called "Deliciously Entertaining" to air on the Tastemade streaming channel on February 23.5 stocks we like better than AlphabetPinterest Inc. NYSE: PINS stock suffered a 12% sell-off on its Q4 2023 earnings ...

Social media stocks can come and go just as fast as the memes their platforms support. While the early days of social media stocks provided potential for huge growth akin to the dot-com bubble, many of these publicly traded companies are now faltering thanks to expanded regulatory action, increased competition and dwindling customer demand. The once-trendy darlings of the market are now experiencing a shift in sentiment, as the risks associated with these stocks loom larger than ever. Investors holding posi ...

Self-professed ‘Front Page of the Internet’ Reddit has officially filed for an initial public offering in the US, with the debut tipped for March under ticker symbol RDDT. In an S-1 filing with the Securities and Exchange Commission, Reddit touted its vast network of 100,000-plus communities, 73 million active daily users and one billion cumulative posts. The S-1 did not disclose the offer pricing, though it is expected to be the biggest IPO of a social media company since Pinterest went public in 2019. “Th ...

SAN FRANCISCO--(BUSINESS WIRE)--Pinterest, Inc. (NYSE: PINS) announced today that Bill Ready, CEO, will participate in the Morgan Stanley Technology, Media & Telecom Conference. The session is scheduled for March 6th, 2024 at 7:15 a.m. PST / 10:15 a.m. EST. A live webcast and replay of the presentation will be publicly available on Pinterest’s Investor Relations website at investor.pinterestinc.com. Disclosure Information Pinterest uses and intends to continue to use its Investor Relations website as a m ...

Pinterest, Inc. (PINS) reported mixed fourth-quarter 2023 results, with the bottom line surpassing the Zacks Consensus Estimate but the top line missing the same. The San Francisco-based Internet content provider reported revenue growth year over year, driven by strong momentum in all regions.Management’s focus on improving shoppability and monetization potential across the platform and the incorporation of advanced AI-integrated tools to support advertisers and retailers led to top-line growth. However, co ...

Shares of image-browsing platform Pinterest (PINS -10.57%) plunged on Friday following its financial report for the fourth quarter of 2023. Pinterest stock was down 11% as of 10 a.m. ET, which is a big drop. But the market frankly doesn't appear to know how to react to its Q4 report. Shares had bounced all over the place in after-hours trading, from close to flat to down almost 30%.Why is the market conflicted?On one hand, Pinterest's Q4 growth and guidance for the upcoming first quarter of 2024 were below ...

Pinterest Inc (NYSE:PINS) stock is plummeting this morning, down 10.3% to trade at $36.52 following a disappointing forecast from the social media company. Pinterest said first-quarter revenue will fall between $690 million and $705 million, with the middle of that range falling well below the average analyst estimate. And while the company beat on fourth-quarter earnings expectations, it fell short of revenue estimates.Puts are outpacing calls at an alarming rate following the report. So far, just 32,000 b ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

For the quarter ended December 2023, Pinterest (PINS) reported revenue of $981.26 million, up 11.9% over the same period last year. EPS came in at $0.53, compared to $0.29 in the year-ago quarter.The reported revenue represents a surprise of -0.74% over the Zacks Consensus Estimate of $988.62 million. With the consensus EPS estimate being $0.51, the EPS surprise was +3.92%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...