In the latest quarter, 24 analysts provided ratings for Pinterest PINS, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 13 | 6 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 3 | 0 | 0 | 0 |
| 2M Ago | 4 | 9 | 5 | 0 | 0 |
| 3M Ago | 1 | 0 | 1 | 0 | 0 |
Analysts have recently evaluated Pinterest and provided 12-month price targets. The average target is $43.79, accompanied by a high estimate of $52.00 and a low estimate of $36.00. Experiencing a 5.69% decline, the current average is now lower than the previous average price target of $46.43.
Diving into Analyst Ratings: An In-Depth Exploration
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 |
|---|---|---|---|---|---|
| Deepak Mathivanan | Cantor Fitzgerald | Maintains | Overweight | $41.00 | $41.00 |
| Thomas Champion | Piper Sandler | Maintains | Overweight | $45.00 | $45.00 |
| Brad Erickson | RBC Capital | Maintains | Outperform | $48.00 | $48.00 |
| Deepak Mathivanan | Cantor Fitzgerald | Announces | Overweight | $41.00 | - |
| Ronald Josey | Citigroup | Lowers | Buy | $44.00 | $51.00 |
| Ross Sandler | Barclays | Lowers | Equal-Weight | $36.00 | $38.00 |
| Aaron Kessler | Raymond James | Lowers | Outperform | $40.00 | $45.00 |
| Justin Patterson | Keybanc | Lowers | Overweight | $43.00 | $45.00 |
| Mark Mahaney | Evercore ISI Group | Lowers | Outperform | $48.00 | $50.00 |
| Scott Devitt | Wedbush | Lowers | Neutral | $37.00 | $46.00 |
| Ken Gawrelski | Wells Fargo | Lowers | Overweight | $41.00 | $49.00 |
| Colin Sebastian | Baird | Lowers | Outperform | $41.00 | $44.00 |
| Rohit Kulkarni | Roth MKM | Lowers | Neutral | $39.00 | $40.00 |
| Lloyd Walmsley | UBS | Lowers | Buy | $52.00 | $57.00 |
| Mark Kelley | Stifel | Lowers | Buy | $45.00 | $46.00 |
| Barton Crockett | Rosenblatt | Maintains | Buy | $48.00 | $48.00 |
| Brad Erickson | RBC Capital | Lowers | Outperform | $48.00 | $52.00 |
| Doug Anmuth | JP Morgan | Lowers | Neutral | $38.00 | $44.00 |
| Thomas Champion | Piper Sandler | Lowers | Overweight | $45.00 | $52.00 |
| Shyam Patil | Susquehanna | Lowers | Positive | $45.00 | $50.00 |
| Brad Erickson | RBC Capital | Maintains | Outperform | $52.00 | $52.00 |
| Scott Devitt | Wedbush | Maintains | Neutral | $46.00 | $46.00 |
| Brian Nowak | Morgan Stanley | Raises | Equal-Weight | $38.00 | $35.00 |
| Eric Sheridan | Goldman Sachs | Raises | Buy | $50.00 | $44.00 |
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: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Pinterest compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Pinterest's stock. This examination reveals shifts in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Pinterest's market position. Stay informed and make well-informed 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.
A Deep Dive into Pinterest's Financials
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Pinterest's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 20.57%. This indicates a substantial 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 1.04%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Pinterest's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 0.28%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Pinterest's ROA excels beyond industry benchmarks, reaching 0.24%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.05, Pinterest adopts a prudent financial strategy, indicating a balanced approach to debt management.
How Are Analyst Ratings Determined?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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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