Pinterest (NYSE:PINS) has been analyzed by 17 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 8 | 4 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 4 | 5 | 4 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $47.0, a high estimate of $52.00, and a low estimate of $38.00. Witnessing a positive shift, the current average has risen by 5.55% from the previous average price target of $44.53.
Deciphering Analyst Ratings: An In-Depth Analysis
The perception of Pinterest by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Eric Sheridan | Goldman Sachs | Raises | Buy | $50.00 | $44.00 |
| Ken Gawrelski | Wells Fargo | Raises | Overweight | $49.00 | $48.00 |
| 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 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they ‘Maintain’, ‘Raise’ or ‘Lower’ their stance, it reflects their response to recent developments related to Pinterest. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from ‘Outperform’ to ‘Underperform’. These ratings reflect expectations for the relative performance of Pinterest compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Pinterest’s future value. Examining the current and prior targets provides insight into analysts’ changing expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Pinterest’s market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Pinterest analyst ratings.
Unveiling the Story Behind 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.
Pinterest’s Financial Performance
Market Capitalization Perspectives: The company’s market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Pinterest displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 22.8%. This indicates a notable increase in the company’s top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Communication Services sector.
Net Margin: Pinterest’s net margin surpasses industry standards, highlighting the company’s exceptional financial performance. With an impressive -3.35% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Pinterest’s ROE stands out, surpassing industry averages. With an impressive ROE of -0.8%, the company demonstrates effective use of equity capital and strong financial performance.
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: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.05.
The Basics of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
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.
