Why is PINS dropping?

   December 15, 2022  Posted in Why
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Why is PINS dropping?

Monthly active users on Pinterest (PINS) dropped because engagement waned as Covid-19 restrictions were lifted and consumers ventured outside. Pinterest ended the quarter with 454 million monthly active users, below expectations of 482 million.

Is PINS a buy now?

The financial health and growth prospects of PINS, demonstrate its potential to underperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.

Is Pinterest stock worth buying?

Pinterest stock is down almost 70% from record highs, making the social-media stock a compelling buy for value and growth investors. Similar to most other growth stocks, shares of Pinterest (NYSE: PINS) have remained volatile in the last few months.

Why is PINS stock dropping?

Key Points. Pinterest stock is down due primarily to an decrease in monthly active users. Management is working to drive engagement through creator-generated short videos and a more personalized shopping experience. Shares currently trade at 6.4 times sales, near the low end of their historical range.4 Apr 2022

Is Pinterest stock expected to rise?

Stock Price Forecast The 27 analysts offering 12-month price forecasts for Pinterest Inc have a median target of 30.00, with a high estimate of 39.00 and a low estimate of 15.00. The median estimate represents a +32.74% increase from the last price of 22.60.

Will PINS bounce back?

PINS’ stock price could see a minor rebound as it experiences accelerating revenue growth in 2H 2022, but returning to the $50 level might be very challenging. I assign a Hold investment rating to Pinterest, as its current valuation multiples appear to be aligned with the company’s financial outlook.

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Will Pinterest stock go up?

Summary. Pinterest’s shares are down by -58.7% since late-October 2021, as Work-From-Home or WFH tailwinds eased. PINS’ stock price could see a minor rebound as it experiences accelerating revenue growth in 2H 2022, but returning to the $50 level might be very challenging.

Is Pinterest still a buy?

With multiple monetization avenues in both domestic and international markets still to be perfected, Pinterest is a great stock to get in now.

What is the forecast for PINS stock?

Pinterest Inc (NYSE:PINS) The 27 analysts offering 12-month price forecasts for Pinterest Inc have a median target of 30.00, with a high estimate of 39.00 and a low estimate of 15.00. The median estimate represents a +32.74% increase from the last price of 22.60.

Is PINS a good stock to 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.

What is wrong with Pinterest stock?

Pinterest stock has fallen more than 50% over the past 6 months. The company has underperformed peers as it has struggled to sustain user growth rates. Pinterest has cash equivalent to nearly 10% of the market cap, and the company is generating ample free cash flow.Jan 4, 2022

Why is Pinterest stock going down?

Pinterest stock is down due primarily to an decrease in monthly active users. Management is working to drive engagement through creator-generated short videos and a more personalized shopping experience.Apr 4, 2022

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Author: howiswhat