What's Going On With Pinterest (PINS) Stock?
Portfolio Pulse from Henry Khederian
Pinterest Inc (NYSE:PINS) shares are trading higher as investors anticipate the company's second-quarter earnings report. Analysts expect EPS of 28 cents on revenue of $847.8 million. RBC analyst Brad Erickson reaffirmed an Outperform rating with a $52 price target, citing strong potential for monetization improvements and a partnership with Amazon.
July 30, 2024 | 3:29 pm
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Pinterest shares are trading higher as investors await the company's Q2 earnings report. Analysts expect EPS of 28 cents on revenue of $847.8 million. RBC analyst Brad Erickson reaffirmed an Outperform rating with a $52 price target, highlighting the company's monetization improvements and partnership with Amazon.
The anticipation of the Q2 earnings report and positive analyst ratings are driving the stock price higher. The reaffirmed Outperform rating and $52 price target by RBC, along with the highlighted monetization improvements and partnership with Amazon, are likely to positively impact investor sentiment in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100