Pinterest Stock Gaps Lower as Analysts Turn Bearish

Core Viewpoint - Pinterest Inc's stock has declined by 3.6% to $29.55 following a downgrade from Jefferies, which changed its rating from "buy" to "hold" and reduced the price target from $40 to $32, citing concerns over revenue growth and margin expansion [1] Group 1: Stock Performance - Pinterest is on track for a fourth consecutive loss and has experienced its largest single-day percentage drop since November 8, facing resistance at the $32 level [2] - The stock has decreased by over 20% in the past 12 months, but a long-term support level at $28 may prevent further declines [2] Group 2: Analyst Ratings - Prior to the downgrade, analysts were largely optimistic, with 23 out of 32 covering analysts rating the stock as "buy" or better [3] - The consensus 12-month target price is $38.76, indicating a potential upside of 31.5% from current levels, suggesting room for further downgrades or price-target reductions [3] Group 3: Options Activity - There has been an increase in the popularity of put options for Pinterest, with a 50-day call/put volume ratio of 1.27, ranking higher than 98% of readings from the past year [4]