Key Takeaways From Pinterest Analyst Ratings
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed evaluations of Pinterest (NYSE:PINS) with 17 ratings over the past three months. The average 12-month price target is $36.18, up 13.88% from the previous target. Recent analyst actions mostly involve raising price targets and ratings, reflecting a positive outlook on Pinterest's performance. The company's financials show strong revenue growth and net margin but below-average ROE and ROA. Pinterest's market cap is below industry averages, and it has a low debt-to-equity ratio.
December 27, 2023 | 2:00 pm
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POSITIVE IMPACT
Analysts have raised their price targets and ratings for Pinterest, indicating a positive outlook. The company shows strong revenue growth and net margin, but ROE and ROA are below industry averages. The market cap is below industry averages, and the debt-to-equity ratio is low.
The positive shift in analyst ratings and raised price targets suggest a bullish sentiment towards Pinterest's stock in the short term. The strong revenue growth and net margin are likely to be viewed favorably by investors, while the below-average ROE and ROA may be areas of concern. However, the overall positive analyst outlook and financial performance indicators suggest a likely increase in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100