![]() Wall Street analysts’ price targets for PINS. Notably, out of 21 Wall Street analysts, eight have a ‘buy’ rating, and thirteen have a ‘hold’ rating. ![]() ![]() See more stocks here.Īnalysts rate the stock a ‘moderate buy,’ with the average price in the next 12 months reaching $26.32, 6.86% higher than the current trading price of $24.63. Technical analysis shows a support zone from $23.48 to $23.61 and a resistance line at $26.68. Over the past month, shares have traded from $22.13 to $25.91, bouncing between the 200-day and 50-day moving averages. The short-term trend is positive, while the long-term trend is neutral, as PINS outperformed 80% of 80 stocks in the Interactive Media & Services industry. At market open, shares surged another 1% to a total of 6% gain at the time of writing on October 6. “Our recent work has given us increased confidence in Pinterest’s ability to grow monetization and capture a greater share of ad budgets as management executes against its shopping/commerce opportunity and, over the long-term, we see Pinterest as positively levered to a number of long-term secular growth themes (engagement & ad spend shifting online, social commerce, creator economy, etc.).”Īt the time of writing, in premarket, the shares popped 5% on the positive news as investors rushed into the stock. Sheridan raised the rating from ‘neutral’ to ‘buy’ and increased the target price from $24 to $31, pointing to rising engagement trends and potential for revenue increase in 20. ![]()
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