Investing in or trading crypto assets comes with a risk of financial loss. Considering analysts have assigned the stock a price target range of 19.00-39.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be 28.33. The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. (NYSE:PINS)’s beta value is holding at 0.99, while the average true range (ATR) indicator is currently reading 0.85. For FY23, Pinterest Inc stock could be a good candidate to add to your portfolio. Moreover, per the valuation, the stock trades at a decent price of around $25. The average price target is 28.06 with a high forecast of. It is attempting to exit the tight range it has encountered in the last months. Based on 20 Wall Street analysts offering 12 month price targets for Pinterest in the last 3 months. PINS is trading above its 20-day EMA and facing resistance at its 200-day EMA. Additionally, the company has a free cash flow of $64.45 million and an EBITDA margin of 8% current, showing robust fundamentals. 05/19 Tech-stock picks that are small and focused: This fund invests in unsung. ![]() Pinterest stock has consistently given investors to remain optimistic in the past few years offering growth in revenue and profit margins. analyst estimates, including PINS earnings per share estimates and analyst recommendations. is a visual discovery engine company with a market cap of $16.637 billion. Moreover, the fib extension showcases a target price of $30 for the near term and a positional target of $38 for upcoming months. ![]() Positive dynamics for Pinterest shares will prevail with possible volatility of 1.976. PINS stock price was trading at $24.53 at the end of today’s session It gained successively from the last 3 sessions setting a positive outlook.Īs per the leading and lagging indicators, PINS stock is a good investment candidate for FY23. Forecast target price for 06-06-2023: 24.45. Despite the uptrend, if price returns, the support level is at $22. PINS Stock: What the Amazon Deal Means for Pinterests Outlook Pinterest. A rally will be seen if PINS price succeeds in going through this range. Amazons stock price fell Friday after a gloomy forecast about future growth in. The price takes support at its 50-day moving average and is willing to cross the near-term hurdle of $27. ![]() It’s down 29 so far this year as the S&P 500 index SPX, -0.06 has lost about 16. No stock is without risk, and with Pinterest's 2Q print in the rear view, the. MangoTree Analysis 4.1K Follower s Summary PINS bears have taken control of this stock, at least in the short term and for good reason, but the stock is ridiculously undervalued. Champion boosted his price target on Pinterest’s stock to 30 from 25. This bullish exercise of retesting the breadth increases the volume buildup. Discounting back at 9/year, we are left with a 2022YE valuation of 104/share, hence my 104 price target. The share price retests the supply range of $27 multiple times but cannot surpass the range. Pinterest's historical ratings below, therefore, can serve as a valuable tool for investors.On the daily chart, PINS share was trading within the uptrend from the last few days. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Pinterest's financials, market performance, and future outlook by experienced professionals. Ratings generally communicate what analysts sense about Pinterest stock, and they use a lot of effort and time to analyze it and arrive at a rating. ET You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Pinterest Analyst RatingsPinterest's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. (-1.11) -4.43 Current Price 393.27 Price as of June 2, 2023, 4:00 p.m. Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Pinterest and the information provided on this page.
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