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Evercore Just Boosted Its Price Target on Pinterest (PINS) Stock
InvestorPlace· 2024-01-26 19:03
Visual discovery platform Pinterest (NYSE:PINS) saw its shares rise off the back of an encouraging analyst assessment. Specifically, Evercore analysts believe the company’s advertising partnership with e-commerce giant Amazon (NASDAQ:AMZN) can yield significant returns. As a result, they boosted their price target on PINS stock. Nevertheless, lurking in the background, bearish traders have wagered against Pinterest, setting up an intriguing duel for control.According to a Seeking Alpha report, Evercore expe ...
Pinterest (PINS) Outperforms Broader Market: What You Need to Know
Zacks Investment Research· 2024-01-26 00:06
Pinterest (PINS) ended the recent trading session at $36.99, demonstrating a +1.29% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.19%.The the stock of digital pinboard and shopping tool company has fallen by 2.09% in the past month, lagging the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48%.Analysts and investors alike will ...
3 Stocks to Buy to Benefit From the 2024 Social Media Boom
InvestorPlace· 2024-01-23 22:36
Over the years, social media has turned from an internet curiosity to a marketing powerhouse. It gave businesses of various sizes an avenue to reach a wider audience and effectively market products. It created a social economy where even personalities or products become overnight successes. Large companies have taken advantage of this arrangement; some have even launched successful viral social media campaigns. Industry experts expect the social media market to grow to $434.87 billion by 2027 at a CAGR of 1 ...
Pinterest (PINS) Rises But Trails Market: What Investors Should Know
Zacks Investment Research· 2024-01-20 00:05
Pinterest (PINS) closed the latest trading day at $37.10, indicating a +0.03% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 1.23%. Elsewhere, the Dow gained 1.06%, while the tech-heavy Nasdaq added 1.7%.Coming into today, shares of the digital pinboard and shopping tool company had lost 0.72% in the past month. In that same time, the Computer and Technology sector gained 1.98%, while the S&P 500 gained 0.94%.Investors will be eagerly watching for the ...
3 High-Octane Momentum Stocks to Watch Next Week
Zacks Investment Research· 2024-01-19 21:26
After a choppy first few weeks, the stock market appears to now be on steady footing. On Friday, the S&P 500 index broke out from a four-week consolidation, breaking out above 4,800 and to a new intraday high.With the market showing such robust action, now is the time to start looking for some stocks that appear primed for explosive moves higher. Here I will share three such stocks that are demonstrating strong momentum as well as top Zacks Ranks.Image Source: TradingViewZillow GroupThe most popular online ...
Pinterest (PINS) Stock Drops Despite Market Gains: Important Facts to Note
Zacks Investment Research· 2024-01-11 00:34
Pinterest (PINS) closed at $37.76 in the latest trading session, marking a -0.08% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.57% for the day. At the same time, the Dow added 0.46%, and the tech-heavy Nasdaq gained 0.75%.Shares of the digital pinboard and shopping tool company witnessed a gain of 4.59% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.51% and the S&P 500's gain of 3.4%.Analysts and investo ...
Pinterest: The frictionless social commerce play for 2024
MarketBeat· 2024-01-09 12:00
Key PointsPinterest is a leading social commerce platform that has mastered the art of frictionless soft sales.Pinterest grew its global monthly average users (MAUs) by 8% year-over-year (YoY) to 482 million and grew average revenue per user (ARPU) by 3% YoY to $1.61 globally and 5% YoY to $6.46 in the U.S. and Canada.Pinterest is back in the black, earning a GAAP net income of $7 million and adjusted EBITDA of $185 million in Q3 2023.5 stocks we like better than PinterestPop-up ads, auto-play videos, track ...
Why Pinterest (PINS) is Poised to Beat Earnings Estimates Again
Zacks Investment Research· 2024-01-08 18:32
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 ...
Here's Why Pinterest (PINS) Fell More Than Broader Market
Zacks Investment Research· 2024-01-04 00:33
Pinterest (PINS) closed the latest trading day at $35.86, indicating a -0.97% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.8%. At the same time, the Dow lost 0.76%, and the tech-heavy Nasdaq lost 1.18%.Shares of the digital pinboard and shopping tool company witnessed a gain of 6.16% over the previous month, beating the performance of the Computer and Technology sector with its gain of 2.11% and the S&P 500's gain of 3.4%.The investment community will be closely mon ...
2 Beaten-Down Growth Stocks to Buy With $1,000 for 2024
The Motley Fool· 2023-12-29 09:30
Finding the right stocks for your portfolio and having the willingness to hold on to great businesses through the ups and downs of the market isn't easy. But if the alternative is trying to time the market's whims, which few investors have a chance of doing correctly and consistently, the pros of being a long-term investor far outweigh the cons.If you invest in companies for the long haul with a minimum buy-and-hold horizon of five years or more, you will experience rough patches in the market. Historically ...