Pinterest Inc. Class A ($PINS) Stock Forecast: Down 15.1% Today

What is Pinterest Inc. Class A?

Pinterest (PINS) is a social media platform that allows users to discover and save ideas for various projects and interests. The stock is listed on the NYSE.

Why is Pinterest Inc. Class A going down?

PINS stock is down 15.1% on Nov 8, 2024 20:51

• 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.

PINS Price Chart

PINS Technical Analysis

PINS News

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-

RIVN, DKNG, SQ, PINS, TSLA: Top Trending Stocks Today - DraftKings ( NASDAQ:DKNG ) , Pinterest ( NYSE:PINS )

The Federal Reserve cut interest rates by 0.25 percentage points on Thursday, bringing the federal funds rate to 4.5%-4.75%, its lowest since February 2023. The Fed's statement acknowledged solid economic growth and easing inflation but omitted prior language on confidence in reaching the 2% ...

https://www.benzinga.com/markets/equities/24/11/41832998/rivian-draftkings-block-pinterest-and-tesla-why-these-5-stocks-are-on-investors-radars-today

Pinterest ( PINS ) Tops Q3 Earnings and Revenue Estimates

Pinterest (PINS) delivered earnings and revenue surprises of 17.65% and 0.15%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2366813/pinterest-pins-tops-q3-earnings-and-revenue-estimates

Pinterest Q3 Earnings: Revenue Beat, EPS Miss, Soft Guidance, AI Investments Paying Off And More - Pinterest ( NYSE:PINS )

Pinterest Inc PINS reported financial results for the third quarter after the market close on Thursday. Here's a look at the key details from the quarter. Q3 Earnings: Pinterest reported third-quarter revenue of $898 million, beating the consensus estimate of $896.35 million.

https://www.benzinga.com/news/earnings/24/11/41827920/pinterest-q3-earnings-revenue-beat-eps-miss-soft-guidance-ai-investments-paying-off-and-more

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Pinterest Inc. Class A Price History

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.

25.03.2024 - PINS Stock was up 6.2%

• Pinterest (PINS) saw a significant increase in stock price today, likely due to positive market expectations and anticipated revenue growth in the first quarter of 2024.
• Investor optimism and the upward movement in Pinterest's stock price may have been influenced by the company's focus on revenue expansion, increasing demand for ad tools, and rising user engagement.
• The overall market sentiment, impacted by lower revenue guidance from another company in the sector, might have led investors to view Pinterest as a more promising investment option in social media.
• Amid declines for tech giants like Meta, Amazon, Microsoft, and Google, Pinterest's optimistic outlook and potential for revenue growth attracted investors interested in opportunities within digital advertising.

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.