During the last three months, 16 analysts shared their evaluations of Pinterest (NYSE:PINS), revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 8 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 4 | 5 | 4 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $46.75, along with a high estimate of $52.00 and a low estimate of $38.00. This upward trend is apparent, with the current average reflecting a 5.46% increase from the previous average price target of $44.33.
Deciphering Analyst Ratings: An In-Depth Analysis
An in-depth analysis of recent analyst actions unveils how financial experts perceive Pinterest. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Thomas Champion | Piper Sandler | Maintains | Overweight | $52.00 | $52.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $52.00 | $50.00 |
| Rob Sanderson | Loop Capital | Raises | Buy | $49.00 | $43.00 |
| Ronald Josey | Citigroup | Raises | Buy | $51.00 | $48.00 |
| Ken Gawrelski | Wells Fargo | Raises | Overweight | $48.00 | $47.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $52.00 | $48.00 |
| Brian Pitz | BMO Capital | Raises | Outperform | $46.00 | $45.00 |
| Mark Shmulik | Bernstein | Raises | Market Perform | $38.00 | $35.00 |
| Rohit Kulkarni | Roth MKM | Raises | Neutral | $40.00 | $38.00 |
| Doug Anmuth | JP Morgan | Raises | Neutral | $44.00 | $38.00 |
| Scott Devitt | Wedbush | Raises | Neutral | $44.00 | $38.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $50.00 | $48.00 |
| Mark Kelley | Stifel | Raises | Buy | $46.00 | $42.00 |
| Barton Crockett | Rosenblatt | Raises | Buy | $48.00 | $45.00 |
| Justin Patterson | Keybanc | Lowers | Overweight | $40.00 | $48.00 |
| Thomas Champion | Piper Sandler | Maintains | Overweight | $48.00 | – |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they ‘Maintain’, ‘Raise’ or ‘Lower’ their stance, it reflects their reaction to recent developments related to Pinterest. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from ‘Outperform’ to ‘Underperform’. These ratings convey expectations for the relative performance of Pinterest compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Pinterest’s stock. This comparison reveals trends in analysts’ expectations over time.
Capture valuable insights into Pinterest’s market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Pinterest analyst ratings.
All You Need to Know About Pinterest
Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from cooking recipes to travel destinations. Founded in 2010, the platform consists of a largely female audience, which accounts for roughly two thirds of its nearly 500 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features. About 20% of users reside in the US and Canada, but the region accounted for about 80% of revenue in 2023.
Key Indicators: Pinterest’s Financial Health
Market Capitalization Analysis: Falling below industry benchmarks, the company’s market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Pinterest’s financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 22.8% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Communication Services sector.
Net Margin: Pinterest’s financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -3.35%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Pinterest’s ROE excels beyond industry benchmarks, reaching -0.8%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Pinterest’s financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of -0.68%, the company showcases efficient use of assets and strong financial health.
Debt Management: Pinterest’s debt-to-equity ratio is below the industry average at 0.05, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyst Ratings: Simplified
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company’s revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
