Pinterest Inc. Class A ($PINS) Stock Forecast: Down 5.0% Today

What is Pinterest Inc. Class A?

Pinterest (PINS) is a social media platform that allows users to discover and save ideas on various topics such as fashion, recipes, home decor, and more. The company relies on both domestic and international sales for revenue generation.

Why is Pinterest Inc. Class A going down?

PINS stock is down 5.0% on Nov 15, 2024 15:51

• Pinterest's stock (PINS) experienced a significant bearish movement following the company's worse-than-expected third-quarter earnings, leading to a 12% drop in stock price.
• The disappointing Q3 results and underwhelming Q4 guidance instilled a negative market sentiment towards Pinterest, prompting several analysts to lower their forecasts for the stock.
• The reliance on international sales and revenue patterns' impact on Wall Street predictions may have also influenced the decline in Pinterest's stock price.
• Investors are closely observing Pinterest's performance and future growth prospects, particularly after the recent earnings letdown, as indicated by the market reaction.

PINS Price Chart

PINS Technical Analysis

PINS News

Pinterest ( PINS ) Reliance on International Sales: What Investors Need to Know

Examine Pinterest's (PINS) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.

https://www.zacks.com/stock/news/2368080/pinterest-pins-reliance-on-international-sales-what-investors-need-to-know

What's Going On With Pinterest Shares Friday? - Pinterest ( NYSE:PINS )

Pinterest, Inc. PINS stock is moving lower Friday after the company reported worse-than-expected third-quarter earnings. What To Know: Pinterest stock fell approximately 12% after the bell on Thursday following the earnings report and continues to trade lower on Friday.

https://www.benzinga.com/trading-ideas/movers/24/11/41855584/whats-going-on-with-pinterest-shares-friday

Pinterest Reports Healthy Q3, Q4 Guidance Disappoints: 6 Analysts Cut Forecasts - Will AI Tools 'Start To Help' In 2025? - Pinterest ( NYSE:PINS )

Shares of Pinterest Inc PINS tumbled in early trading on Friday, after the company reported downbeat third-quarter earnings. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.

https://www.benzinga.com/news/earnings/earnings-beats/24/11/41850902/pinterest-reports-healthy-q3-q4-guidance-disappoints-6-analysts-cut-forecasts-while-

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Pinterest Inc. Class A Price History

15.10.2024 - PINS Stock was down 5.0%

• Pinterest's stock (PINS) experienced a significant bearish movement following the company's worse-than-expected third-quarter earnings, leading to a 12% drop in stock price.
• The disappointing Q3 results and underwhelming Q4 guidance instilled a negative market sentiment towards Pinterest, prompting several analysts to lower their forecasts for the stock.
• The reliance on international sales and revenue patterns' impact on Wall Street predictions may have also influenced the decline in Pinterest's stock price.
• Investors are closely observing Pinterest's performance and future growth prospects, particularly after the recent earnings letdown, as indicated by the market reaction.

06.08.2024 - PINS Stock was down 5.8%

• Significant investment in PINS options by institutional investors indicates optimism towards the stock. However, the overall market trend was negative, suggesting a discrepancy between options activity and stock performance.
• PINS is considered an attractive option by short sellers due to its affordability under $40, which may have contributed to the stock's downward pressure.
• Despite positive sentiments from large investors towards PINS, the stock faced a decline, potentially influenced by general market conditions outweighing individual bullish positions.

06.08.2024 - PINS Stock was down 5.3%

• Short sellers have identified Pinterest as one of the best affordable stocks under $40, potentially indicating a negative sentiment towards the company.
• Wealthy investors, or "whales," have taken a bullish stance on Pinterest, but this positive outlook may not have been enough to counteract the overall market sentiment.
• The comparative study between Meta Platforms and its industry competitors may have indirectly impacted Pinterest's stock performance, as investors reassess their positions within the interactive media and services industry.
• The combination of short sellers' interest, whale investors' bullish stance, and industry comparisons could have contributed to the bearish movement in Pinterest's stock today.

08.10.2024 - PINS Stock was down 17.6%

• Pinterest (PINS) reported healthy Q3 earnings but disappointed with its Q4 guidance, leading to a bearish movement in the stock.
• The soft guidance for the upcoming quarter overshadowed the positive earnings surprises, causing 6 analysts to cut their forecasts for the stock.
• Despite beating revenue estimates for Q3, the stock faced a decline as investors were concerned about the future outlook provided by the company.
• The bullish options activity observed earlier did not prevent the stock from experiencing a significant drop, indicating that market sentiment shifted due to the weak guidance for the next quarter.

08.10.2024 - PINS Stock was down 13.8%

• Despite strong Q3 earnings and revenue beats, Pinterest (PINS) faced downward movement in the stock market.
• The recent decision to cut interest rates by the Federal Reserve might have influenced overall market sentiment, resulting in a sell-off in technology stocks including Pinterest.
• Unusual options activity and a positive outlook from significant investors could suggest a temporary shift in market sentiment, contributing to the stock's decline.
• Below-par guidance and an earnings per share (EPS) miss during Q3 earnings might have also impacted Pinterest's stock performance negatively, overshadowing the revenue beat.

08.10.2024 - PINS Stock was down 15.1%

• Pinterest (PINS) stock faced significant downward pressure after the company reported weaker-than-expected earnings for the third quarter, resulting in a 12% drop in shares after-hours on Thursday.
• Despite surpassing expectations for Q3 earnings and revenue, Pinterest's underwhelming Q4 guidance did not meet analyst forecasts, leading to a decline in the stock price.
• Investors reacted unfavorably to the company's investments in artificial intelligence and future prospects, prompting a reassessment of their holdings in Pinterest stock.
• The disappointing guidance cast a shadow over the positive revenue performance in the third quarter, contributing to a subdued sentiment towards Pinterest.

06.05.2024 - PINS Stock was up 2.6%

• Pinterest (PINS) saw a rise in its stock price today, likely influenced by positive market sentiment and growing interest in social media equities.
• Industry analysts are bullish on Reddit's (RDDT) future expansion prospects, particularly with recent partnerships in artificial intelligence, which may have boosted investor confidence in social media platforms like Pinterest.
• Reddit's stock has shown improved technical performance, evident in its Relative Strength Rating, which could have impacted general market sentiment towards social media firms, including Pinterest.
• Shifting investor attention from stocks like Nvidia (NVDA) towards emerging sectors such as AI data companies may have led to a reallocation of funds towards platforms like Pinterest, contributing to its upward momentum.

26.03.2024 - PINS Stock was up 6.2%

• Pinterest (PINS) experienced a strong bullish movement today, outperforming the general market.
• The anticipation of Pinterest's upcoming Q1 earnings report, with expectations of revenue growth driven by increased demand for advertising tools and user engagement, likely contributed to the bullish sentiment.
• Despite facing a larger drop than the general market in the previous trading session, investors seem optimistic about Pinterest's potential top-line expansion and are closely watching for clues in Wall Street projections for key metrics.
• The positive market reaction to Pinterest's potential earnings growth contrasts with the mixed earnings results from other companies like Carrier (CARR) and Teradyne (TER), highlighting the importance of company-specific factors in driving stock movements.

26.03.2024 - PINS Stock was up 6.2%

• Pinterest (PINS) closed at $32.64 after experiencing a bullish trend, despite a more significant market decline.
• Analysts have a positive outlook on Pinterest's revenue growth for Q1 2024, citing increased demand for advertising tools and user interaction.
• A comparison between social media stocks like Reddit (RDDT) and Pinterest (PINS) highlights the differing sentiments and investment prospects within the industry.
• Despite some obstacles, investor confidence in Pinterest's potential for expanding revenue and enhancing user engagement was evident in today's upward movement.

24.06.2024 - PINS Stock was down 5.9%

• Pinterest (PINS) closed at $40.82, following a strong bearish movement.
• Projections indicate significant growth in the overall digital advertising market.
• Despite anticipated earnings growth for Pinterest, investor sentiment may have been influenced by a recommendation to buy Salesforce (CRM) over Pinterest.
• Profit-taking and the bearish movement today might have been partly due to a cautionary tone regarding Pinterest's significant increase over the past year.

02.07.2024 - PINS Stock was down 8.6%

• Despite delivering expectation-beating Q2 results, Pinterest's stock plunged as traders sold off, presenting a potential buying opportunity for investors.
• The mixed quarter for Pinterest, with increased users but lower-than-expected revenue guidance, likely contributed to the bearish movement in the stock.
• Cathie Wood-led Ark Invest's significant trades in Pinterest could have also influenced market sentiment towards the stock.
• The overall market sentiment towards Pinterest might have been affected by the general uptick in M&A activity, leading to speculation about potential acquisition targets in the market.

15.07.2024 - PINS Stock was up 5.3%

• Pinterest (PINS) saw a significant bullish movement today.
• This positive trend could be linked to the growing revenue influence of Gen Z on the platform.
• Partnerships with Amazon for direct purchases through Pinterest and TikTok may have also played a role in boosting market confidence.
• Amid tech stock volatility, Pinterest's focus on improving shopping experiences and expanding its e-commerce capabilities likely positioned it well in the market during broader economic uncertainties and tech company sentiments.