During the last three months, 11 analysts shared their evaluations of Pinterest PINS, revealing diverse outlooks from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 6 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 4 | 4 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $43.18, along with a high estimate of $50.00 and a low estimate of $37.00. This upward trend is apparent, with the current average reflecting a 11.66% increase from the previous average price target of $38.67.
Interpreting Analyst Ratings: A Closer Look
The standing of Pinterest among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Justin Patterson | Keybanc | Lowers | Overweight | $40.00 | $48.00 |
| Thomas Champion | Piper Sandler | Maintains | Overweight | $48.00 | - |
| Doug Anmuth | JP Morgan | Raises | Neutral | $38.00 | $34.00 |
| Rohit Kulkarni | Roth MKM | Raises | Neutral | $38.00 | $37.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $48.00 | $46.00 |
| Shyam Patil | Susquehanna | Raises | Positive | $45.00 | $35.00 |
| Scott Devitt | Wedbush | Raises | Neutral | $38.00 | $35.00 |
| Barton Crockett | Rosenblatt | Maintains | Buy | $45.00 | - |
| Justin Patterson | Keybanc | Raises | Overweight | $48.00 | $37.00 |
| Rohit Kulkarni | Roth MKM | Raises | Neutral | $37.00 | $31.00 |
| Mark Mahaney | Evercore ISI Group | Raises | Outperform | $50.00 | $45.00 |
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: 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 navigate through adjustments in price targets, providing estimates for Pinterest's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Pinterest's market position. Stay informed and make well-judged decisions with the assistance of 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.
Key Indicators: Pinterest's Financial Health
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Pinterest's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 11.86% as of 31 December, 2023, 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 20.5%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 6.82%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Pinterest's ROA stands out, surpassing industry averages. With an impressive ROA of 5.83%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.06, Pinterest adopts a prudent financial strategy, indicating a balanced approach to debt management.
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.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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