Fool since 2011. Pinterest(PINS)stock is up nearly 125% this year, easily outpacing Facebook's(FB)more than 25% gain and the 40% and 60% jumps for Twitter(TWTR)and … Pinterest Stock May Back off, but It Has Plenty More Upside. Let's conquer your financial goals together...faster. See you at the top! Deutsche Bank analyst Lloyd Walmsley lifted his price target on Pinterest from $43 to $55 and kept a buy rating on the stock. Follow me on Twitter to see my latest articles, and for commentary on hot topics in retail and the broad market.
Pinterest has been a big winner this year with the stock up 140% year to date, and it's gained more than 300% since March. A strong earnings report should push the stock higher, and Pinterest's penetrable market is still huge. Analysts are expecting revenue to grow 34% to $376.5 million and for earnings per share to tick up from $0.01 to $0.02. The stock has benefited … As of 11:05 a.m. EDT, the stock was up 3.2% after gaining as much as 5.6%.
Shares of Pinterest (NYSE:PINS) were moving higher today after the image-discovery network got a bullish analyst note from Deutsche Bank. Returns as of 10/17/2020. The stock has benefited from a surge in users during the pandemic, as well as its perceived advantages over Facebook, which has faced a backlash over anti-democratic abuses of its platform, which led to a boycott in July. Pinterest Is a Covid Play That You Didn’t See Coming. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Pinterest Stock Was Climbing Today @themotleyfool #stocks $PINS $FB $DB $TWTR $SNAP, Forget FAANG, Buy These 4 Top-Notch Stocks Instead, 3 Reasons Pinterest Is a Promising Stock Right Now, Buy These 3 Stocks If Big Tech Gets Broken Up, Why Pinterest Stock Climbed 13% Last Month, Copyright, Trademark and Patent Information. Pinterest's third-quarter earnings report is due out at the end of the month. Stock Advisor launched in February of 2002. The analyst expected Pinterest to give strong guidance for the fourth quarter, and said the company and other social media stocks would benefit form easy comps in the first half of the year, along with accelerating growth and expanding margins, as the economy recovers from the COVID-19 pandemic. I write about consumer goods, the big picture, and whatever else piques my interest.
Walmsley lifted his price target on a number of social media stocks, including Snap and Twitter, and said he expected a strong round of results for the third quarter from the trio.
The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Pinterest has been a big winner this year with the stock up 140% year to date, and it's gained more than 300% since March. Zacks 10/12/20.
Real time Pinterest (PINS) stock price quote, stock graph, news & analysis.
InvestorPlace 10/13/20. Market data powered by FactSet and Web Financial Group. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. As a social media company that prides itself on positivity and a place where users actually welcome ads, Pinterest offers a unique value proposition to advertisers, especially those who may be looking for an alternative to Facebook, Instagram, and Twitter.
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