Pinterest stock price target8/15/2023 ![]() While not taking anything away from the enormous rally of PINS stock, investors must recognize that moving forward, strong performances may be harder to come by. At the moment, early bird investors only gained about 31%, which is somewhat disappointing.Ĭonsidering that steep obstacles remain, it may be time to consider selling PINS stock into strength. ![]() Also, it’s worth noting that Pinterest’s initial offering price was $19 a share. Since the beginning of this year, PINS stock has fallen nearly 36%, reflecting a significant uphill battle ahead. Of course, one solid earnings report usually doesn’t change the entire trajectory of an embattled organization. Last Friday, PINS stock gained nearly 14% in equity value. Amid subscriber losses in rival social media platforms, going in the opposite (and positive) direction certainly helps Pinterest’s case. Per TipRanks reporter Shrilekha Pethe, Wall Street may have been reassured that Pinterest stabilized its user base. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.On the top line, “revenue rose 8% year-over-year to $684.55 million and beat the consensus by $18.37 million.” Perhaps most significantly, global monthly active users stood at 445 million, an improvement over Q2’s haul of 433 million. NASDAQ data is at least 15 minutes delayed. NYSE and AMEX data is at least 20 minutes delayed. Real time prices by BATS. Delayed quotes by FIS. Visit to get our data and content for your mobile app or website. Visit Performance Disclosure for information about the performance numbers displayed above. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough May 15, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Zacks Style Scores Education - Learn more about the Zacks Style Scores ![]() That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. As you might remember from your school days, an A, is better than a B a B is better than a C a C is better than a D and a D is better than an F.Īs an investor, you want to buy stocks with the highest probability of success. Within each Score, stocks are graded into five groups: A, B, C, D and F. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. The scores are based on the trading styles of Value, Growth, and Momentum. ![]() It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
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