Pins nyse stock price upgrade#
Pins nyse stock price full#

Pins nyse stock price upgrade#

The current analyst upgrade could serve as a boon for the shares, as investors who were ambivalent about the stock, could look for an entry position here and push the price action higher.īuy stocks now with Interactive Brokers – the most advanced investment platformĭisclaimer : The content on this site should not be considered investment advice. With the recent speculations that PayPal (NASDAQ: PYPL) may be pursuing the acquisition of Pinterest, as well as the strong revenue growth seen during their latest earnings, it seems that the momentum is turning positive for PINS. Wall Street analysts’ price targets for PINS. 1 hour ago &0183 &32 The average price target of 31.67 implies 11.3 upside. Notably, out of 21 Wall Street analysts, eight have a ‘buy’ rating, and thirteen have a ‘hold’ rating. See more stocks here.Īnalysts rate the stock a ‘moderate buy,’ with the average price in the next 12 months reaching $26.32, 6.86% higher than the current trading price of $24.63. Home PINS NYSE Pinterest Inc Follow Share 27.70 Pre-market: 28.52 (2.96) +0. 27.70 +0.50 (+1.84) At close: 04:04PM EDT 28.51 +0.81 (+2.92) Pre-market: 08:14AM EDT Stock chart is not supported by your current browser All News Press releases Motley Fool Is A New Bull.

Pins nyse stock price full#

Sellers of Pinterest ( NYSE:PINS) stock were out in full force. Technical analysis shows a support zone from $23.48 to $23.61 and a resistance line at $26.68. Pinterest Stock (NYSE:PINS): Investors Will Regret Selling. Over the past month, shares have traded from $22.13 to $25.91, bouncing between the 200-day and 50-day moving averages. The short-term trend is positive, while the long-term trend is neutral, as PINS outperformed 80% of 80 stocks in the Interactive Media & Services industry. At market open, shares surged another 1% to a total of 6% gain at the time of writing on October 6. “Our recent work has given us increased confidence in Pinterest’s ability to grow monetization and capture a greater share of ad budgets as management executes against its shopping/commerce opportunity and, over the long-term, we see Pinterest as positively levered to a number of long-term secular growth themes (engagement & ad spend shifting online, social commerce, creator economy, etc.).”Īt the time of writing, in premarket, the shares popped 5% on the positive news as investors rushed into the stock. In 2018, the company's revenue jumped by almost 60 percent to $755.9 million.Sheridan raised the rating from ‘neutral’ to ‘buy’ and increased the target price from $24 to $31, pointing to rising engagement trends and potential for revenue increase in 20. In its regulatory filing in March to register the IPO, Pinterest disclosed that its revenue is growing rapidly but added that it has never turned a profit. Lyft shares are down more than 30 percent from their high in late March.

It and Zoom, a web-cloud-services company that also went public Thursday, are the first tech companies to list their stock since the highly anticipated Lyft debut turned into a dud.

It claims more than 250 million monthly users and more than 2 billion monthly searches on its site. Pinterest said it had revenue of $756 million last year and a loss of $63 million. Pinterest PINS, -1.10 reported a first-quarter loss of 5.3 million, or a penny a share, on sales of 574.9 million, up from 485 million in the year-ago quarter. The digital scrapbook site's stock price approached $24.50 Thursday, up from an initial public offering price of $19 that had put Pinterest on track to raise more than $1.4 billion in potential payouts for its earliest investors.

Shares in Pinterest soared 28 percent during the newly public company's first hours of trading under the New York Stock Exchange ticker symbol PINS. Shares of Pinterest soar on first day of trading on New York Stock Exchange 00:32