Analysts' ratings for Pinterest PINS over the last quarter vary from bullish to bearish, as provided by 19 analysts.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 5 | 6 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 2 | 2 | 0 | 0 | 0 |
| 3M Ago | 4 | 2 | 5 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Pinterest, presenting an average target of $37.21, a high estimate of $48.00, and a low estimate of $25.00. Observing a 18.65% increase, the current average has risen from the previous average price target of $31.36.
Breaking Down Analyst Ratings: A Detailed Examination
In examining recent analyst actions, we gain insights into 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 |
|---|---|---|---|---|---|
| Jim Kelleher | Argus Research | Announces | Buy | $45.00 | - |
| Mark Kelley | Stifel | Raises | Buy | $32.00 | $26.00 |
| Brian Pitz | BMO Capital | Announces | Outperform | $45.00 | - |
| Scott Devitt | Wedbush | Raises | Neutral | $35.00 | $32.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $46.00 | $32.00 |
| James Heaney | Jefferies | Raises | Buy | $41.00 | $32.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $40.00 | $37.00 |
| Dan Salmon | New Street Research | Announces | Buy | $48.00 | - |
| Doug Anmuth | JP Morgan | Raises | Neutral | $34.00 | $32.00 |
| Rohit Kulkarni | Roth MKM | Raises | Neutral | $31.00 | $29.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $37.00 | $35.00 |
| Brad Erickson | RBC Capital | Raises | Sector Perform | $32.00 | $30.00 |
| Brian Nowak | Morgan Stanley | Raises | Equal-Weight | $25.00 | $24.00 |
| Scott Devitt | Wedbush | Raises | Neutral | $32.00 | $30.00 |
| Justin Post | B of A Securities | Announces | Buy | $37.00 | - |
| Barton Crockett | Rosenblatt | Raises | Buy | $45.00 | $38.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $37.00 | $35.00 |
| Aaron Kessler | Seaport Global | Announces | Buy | $33.00 | - |
| Mark Kelley | Stifel | Raises | Buy | $32.00 | $27.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Pinterest. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Pinterest compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering 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 recipes to cook to destinations to travel to. Founded in 2010, the platform consists of a largely female audience, at roughly two thirds of its 450 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features.
Breaking Down Pinterest's Financial Performance
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Pinterest's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 11.49%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Communication Services sector.
Net Margin: Pinterest's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 0.88%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.24%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Pinterest's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.21%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Pinterest's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.06.
Understanding the Relevance 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.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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