Pins stock price today per share12/16/2023 (NASDAQ: FLGC) taking off, as well as this morning’s biggest pre-market stock movers. A few examples include Nutrien (NYSE: NTR) losing its CEO, Flora Growth Corp. We’ve got all the most recent stock coverage that trades will want to know about. There’s more hot stock market news worth checking out below! PINS stock is down 9.3% as of Tuesday morning. That’s on its way to the company’s daily average trading volume of 8.1 million shares. As of this writing, more than 8 million shares have traded hands. While both the new price predictions are better than its previous close, neither of them comes close to the consensus price target for the stock.Īs far as movement goes, PINS stock is seeing a fair amount today. It makes sense that PINS stock wouldn’t be reacting well to today’s news. In addition to that, its new price target for PINS is $39 per share, as compared to its previous price target of $46 per share. The company hit the social media company with a downgrade, which drops it from a buy rating to a neutral rating. Next up we have to discuss Guggenheim’s new rating and price prediction for PINS stock. InvestorPlace - Stock Market News, Stock Advice & Trading Tipsħ Cheapened Stocks to Buy As We Ride Into 2022 The current consensus price for Pinterest is $66.09. While that’s above the company’s price of $36.41 per share as of Monday’s close, it doesn’t match up to other price targets. To go along with that rating is a price prediction of $45 per share for PINS stock. For the record, the consensus rating for Pinterest is a hold with 10 buy and 17 hold ratings. The analyst starts off their coverage of PINS with a peer perform rating. Let’s start off with the newest coverage of PINS stock, which comes from Wolfe Research analyst Deepak Mathivanan. Is now the time to buy Pinterest? Access our full analysis of the earnings results here, it's free.The pinterest (PINS stock) logo on a mobile phone held by a woman representing PINS Stock Price Prediction. Investors who bought $1,000 worth of Pinterest's shares at the IPO in April 2019 would now be looking at an investment worth $1,150. The Score for PINS is 61, which is 22 above its historic median score of 50, and infers lower risk than. Pinterest is up 23% since the beginning of the year, and at $28.13 per share it is trading close to its 52-week high of $29.10 from February 2023. The current Pinterest PINS share price is 31.07. Lastly, Todd Morgenfeld, its finance chief and business operations leader, will depart the company on July 1, 2023. expectations, which is another major negative. This implies an operating profit guidance miss vs. In addition, Pinterest expects Q2 non-GAAP operating expenses to grow low teens on a percentage basis quarter-over-quarter. Open 30.95 Prior Close 30.94 (11/03/23) 1 Day PINS 0.72 DJIA 0.66 S&P 500 0.94 Technology 1. This missed expectations of roughly 6% y/y growth in Q2 2023 revenue. Pinterest expects that Q2 revenue will grow roughly in-line with what they saw in Q4 2022 and Q1 2023, which translates to 4-5% y/y growth. However, Domestic MAUs slightly missed expectations and growth was tepid. The previous big move was two months ago, when the stock dropped 12.8% on the news that the company reported first-quarter revenue that narrowly beat analysts' forecasts, and earnings per share (EPS) also exceeded expectations. In context of that, today's move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the business. Pinterest's shares are somewhat volatile and over the last year have had 28 moves greater than 5%. The analyst highlighted "a strong catalyst path" over the next six to 12 months and noted that "improving engagement trends and higher ad load will allow PINS to deliver accelerating and above-consensus revenue growth." What is the market telling us: These results would represent year-over-year changes of +20.97 and +9.81. The price target implied a potential 29% upside from where shares were traded when the report was released. PINSs full-year Zacks Consensus Estimates are calling for earnings of 0.75 per share and revenue of 3.08 billion. Jumped 5% in the pre-market session after analyst Ken Gawrelski of Wells Fargo upgraded the stock's rating from Equal-Weight (Hold) to Overweight (Buy) and raised the price target from $23 to $34. Shares of social commerce platform Pinterest (NYSE: PINS)
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