So, should I buy Pinterest stock? Analysts tracking PINS stock have a 12-month average price target of $41.86, which is 56% higher than its current trading price. Pinterest’s attractive valuation and massive upside potential coupled with its increasing ARPU make it a top bet right now.
Similarly, Why are Pinterest shares dropping?
Before the report, Pinterest stock had dropped 10% on Thursday, after competitor Meta reported an outlook worse than expectations on Wednesday, and came up short on user numbers, prompting investors to sell off social media stocks.
Is PINS stock a buy? PINS stock offers the potential for a moderately high gain. It’s already taken its lumps in terms of multiple compression as well. Consider it a buy while it’s out of favor.
Thereof, Is Pinterest stock expected to rise?
According to the algorithm-based PINS stock forecast from Wallet Investor, as of 10 February, Pinterest stock could reach $25.103 by the end of December 2022, $26.938 by the end of December 2023, $28.828 by the end of 2024 and $30.960 by the end of 2025.
Is Pinterest overvalued?
Pinterest also has a sky-high price-to-earnings ratio of 165.33, which has led some on Wall Street to label the stock as being “overvalued.” By comparison, the average price-to-earnings ratio among companies listed on the tech-heavy Nasdaq stock exchange is 30.
Is Pinterest a good stock to buy 2022?
Throughout 2022, Pinterest might be rumored to be an acquisition target and continue to see some stock price volatility as a result. However, if Pinterest continuously turns them down, investors should be encouraged, as it means management believes future growth far outweighs the purchase price offered at the present.
Who would buy Pinterest?
PayPal, the online payments giant, is in talks to acquire Pinterest for $45 billion, which would be the company’s largest-ever acquisition.
Can I buy Pinterest stock?
The idea-sharing platform Pinterest was one of the buzziest initial public offerings last year: The company went public in April 2019, which means investors can now buy Pinterest stock under the ticker symbol PINS.
Is PINS a good growth stock?
Pinterest stock is now trading below pre-pandemic levels. While growth has slowed tremendously, Pinterest is still generating ample free cash flow. Pinterest’s net cash makes up over 15% of the market cap. I rate PINS stock a strong buy on the potential for solid upside despite conservative assumptions.
Is Pinterest stock undervalued?
Is Pinterest Stock undervalued? Depends on your opinion of Pinterest. Some investors believe it is overvalued due to the niche market and reliance on ad revenue, others believe that it is undervalued as the figures show great potential for 2021 and onward, despite COVID-19.
Who is going to buy Pinterest?
Shares of Pinterest soared Wednesday after Bloomberg first reported PayPal may acquire the social media company. PayPal has discussed acquiring the company for a potential price of around $70 a share, which would value Pinterest at about $39 billion, according to Bloomberg.
What kind of stock is Pinterest?
Class A Common Stock (PINS)
Is Pinterest a profitable company?
For the full year, Pinterest posted GAAP net income of $316.4 million, compared with a net loss of $128.3 million in 2020. Global monthly active users fell 6% from the year-end 2020 figure, ending 2021 at 431 million.
Is PayPal going to buy Pinterest?
Although a rumored PayPal acquisition of Pinterest isn’t happening, the potential deal indicates the fintech giant could be more heavily focused going forward on the social commerce space, which involves consumer purchases made on social media platforms.
Is PayPal really buying Pinterest?
U.S. payments giant PayPal said it is not currently interested in buying social media platform Pinterest. Responding to what it called “market rumors,” the financial technology company said Sunday in an update on its website that it is “not pursuing an acquisition of Pinterest at this time.”
Is Pinterest stock undervalued?
However, these social-media stocks are also deeply undervalued by Morningstar’s valuation metrics. Even before Thursday’s sell off, Snap and Pinterest were in 5-star territory, the level considered the most undervalued in our Morningstar Ratings for stocks.
How much is it to buy stock in Pinterest?
Pinterest Inc (PINS) is a leading internet content & information business based in the US. It opened the day at $37.40 after a previous close of $36.36. During the day the price has varied from a low of $36.32 to a high of $38.20.
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Pinterest shares at a glance.
| Open | $37.40 |
|---|---|
| Volume more info button | 6,591,269 |
What’s wrong with Pinterest stock?
Pinterest shares tumbled after a downgrade by Guggenheim. The firm cited data that users were leaving the platform. Analysts downgraded the stock to Neutral from Buy and lowered the price target to $39 from $46.
Is PayPal buying Pinterest?
Although a rumored PayPal acquisition of Pinterest isn’t happening, the potential deal indicates the fintech giant could be more heavily focused going forward on the social commerce space, which involves consumer purchases made on social media platforms.
Will PINS come back?
After providing outstanding returns for investors in 2020, Pinterest (NYSE:PINS) has disappointed its shareholders in 2021 so far. Indeed, the third quarter was particularly brutal for folks who held onto their PINS stock.
Why is PayPal buying Pinterest?
One, Pinterest actually has more active users than PayPal, 454 million worldwide versus 403 million, so it could be a way for PayPal to bring even more users into its ecosystem if it feels like growth potential in its core business is limited. That could be a way to really kick start some growth.
Is Pinterest owned by Microsoft?
Microsoft’s acquisition of Pinterest, valued at $51 billion, would have been its largest deal. It would also be twice as big as its purchase of LinkedIn in 2016 for $26.2 billion.
Can I invest in Pinterest?
The idea-sharing platform Pinterest was one of the buzziest initial public offerings last year: The company went public in April 2019, which means investors can now buy Pinterest stock under the ticker symbol PINS.
Who is Pinterest owned by?
Ben Silbermann is cofounder and the CEO of the photo bookmarking site Pinterest, which went public in April 2019. Silbermann owns a 38% stake in the company, which had 454 million users worldwide as of June 2021.
How does Pinterest make money 2021?
Pinterest makes its money via advertising, specifically, promoted pins. These promoted pins are ads that look similar to user-generated pins (posts). The company has integrated a “buy it” button which permits users to buy pinned products directly from Pinterest, rather than visiting a separate merchant site.
Who are Pinterest competitors?
Pinterest’s top competitors include Tastemade, Houzz, Google, Amazon, Snap, Twitter, Instagram and Meta. Pinterest is a company that develops a social networking site for saving and discovering creative ideas.
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