Pinterest Inc. Class A ($PINS) Stock Forecast: Up 6.3% 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 known for its user-friendly interface and visual bookmarking system.

Why is Pinterest Inc. Class A going up?

PINS stock is up 6.3% on Jan 3, 2025 14:46

• Despite a recent slight dip in the stock price, Pinterest (PINS) experienced a strong bullish movement today.
• The negative movement in the previous trading session could be attributed to broader market trends or specific company-related news.
• Investors might have regained confidence in Pinterest (PINS) due to positive user engagement metrics, new feature announcements, or analyst upgrades.
• Overall, the bullish movement today suggests that investors see long-term potential in Pinterest (PINS) and are optimistic about its future growth prospects.

PINS Price Chart

PINS Technical Analysis

PINS News

Here's Why Pinterest ( PINS ) Fell More Than Broader Market

Pinterest (PINS) closed the most recent trading day at $29.56, moving -1.2% from the previous trading session.

https://www.zacks.com/stock/news/2388990/heres-why-pinterest-pins-fell-more-than-broader-market

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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.

03.00.2025 - PINS Stock was up 6.3%

• Despite a recent slight dip in the stock price, Pinterest (PINS) experienced a strong bullish movement today.
• The negative movement in the previous trading session could be attributed to broader market trends or specific company-related news.
• Investors might have regained confidence in Pinterest (PINS) due to positive user engagement metrics, new feature announcements, or analyst upgrades.
• Overall, the bullish movement today suggests that investors see long-term potential in Pinterest (PINS) and are optimistic about its future growth prospects.

04.11.2024 - PINS Stock was up 5.7%

• An investment firm made a substantial purchase of Pinterest Inc. (PINS) stock, indicating confidence in the company's future prospects.
• The buying spree by the investment firm could have sparked investor interest and confidence in Pinterest, leading to the bullish movement in the stock.
• The strategic move by the investment firm, coupled with positive market sentiment, likely contributed to the strong bullish movement in Pinterest's stock price today.

19.11.2024 - PINS Stock was down 5.1%

• Despite an uptrend in estimates, caution is advised for investors, suggesting uncertainty around Pinterest's future performance.
• Mixed signals indicate positive indicators alongside underlying concerns contributing to the bearish movement in PINS stock.
• The bearish movement in PINS today could be influenced by broader market trends or company-related news overshadowing positive estimates.

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.

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.