The Raymond James analyst said the following about PINS stock in a note to clients obtained by CNBC: What’s Behind the Bull Rating for PINS Stock? That’s bullish compared to the consensus rating of “hold” based on 20 analysts’ opinions. To go along with that price target, Kessler initiated coverage of PINS stock with an “outperform” rating. For comparison, the analyst consensus price target for PINS stock is $28.73 per share. This marks a potential upside of about 20% from the stock’s closing price on Wednesday. Specifically, the firm and analyst expect PINS stock to reach $33 per share. That price target comes from Raymond James analyst Aaron Kessler. This could raise investors’ confidence to be optimistic about the PINS stock heading into the next quarter.Pinterest (NYSE: PINS) stock is on the move Thursday after a new price prediction gave investors in the social media company hope. The stock has risen by 17.17% since the beginning of the year, thereby showing the potential of a further growth. (PINS) stood at 2.94% of shares outstanding as of the number of short shares registered in reached 23.18 million. According to the data, the short interest in Pinterest Inc. The data on short interest also indicates that stock shorts accounted for 20.11 million shares as on Jul 13, 2023, resulting in a short ratio of 1.99. Nearly 0.40% of Pinterest Inc.’s shares belong to company insiders and institutional investors own 91.00% of the company’s shares. According to company’s latest data on outstanding shares, there are 681.14 million shares outstanding. (NYSE:PINS) indicates that the trading volumes over the past 10 days have averaged 10.0 million and over the past 3 months, they’ve averaged 11.82 million. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.ĭata on historical trading for Pinterest Inc. We see that PINS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. Revisions could be a useful indicator to get insight on short-term price movement so for the company, there were no upward and no downward review(s) in last seven days. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $3 billion, representing an increase of 7.10% from the revenues reported in the last year’s results. According to the average forecast, sales growth in current quarter could jump up 4.50%, compared to the corresponding quarter of last year. Data indicates that the EPS growth is expected to be 29.00% in 2024, while the next year’s EPS growth is forecast to be 26.20%.Īnalysts have estimated the company’s revenue for the quarter at $696.08 million, with a low estimate of $605.7 million and a high estimate of $715 million. Analysts are projecting the company’s earnings per share (EPS) to be $0.12, which is expected to increase to $0.25 for fiscal year $0.8 and then to about $1.01 by fiscal year 2024. Here are five of the best ways to profit from the AI boom.Īs a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. And investors like you always want to get in on the hottest stocks of tomorrow. And it's about to change everything we know about everything.Īccording to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. The artificial intelligence (AI) revolution is already here.
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