Social media stock Pinterest (PINS) just dropped to its lowest level since June after five-straight losses, pulling back to familiar support at the $33 level. Rebounding back into the black today, it looks like the stock could enter recovery mode with help from a historically bullish trendline.
Markets are back near all-time highs, but that doesn't mean that bargains can't still be found, even in the tech sector. There are still tech stocks trading at attractive valuations with strong long-term growth runways ahead of them.
Pinterest stock (NASDAQ: PINS) fell 6% on September 24, dropping below its 100-day moving average of approximately $35. This follows mixed second-quarter earnings in August, which raised concerns about the company's profitability despite strong growth in revenue and users.
While the overall market has been red hot, that doesn't mean there aren't still some cool opportunities out there. And if you're worried the market could fizzle rather than sizzle, starting an investment with a more reasonable investment like $1,000 or less could be a great way to test the waters, get your feet wet, and ride the broader wave as this market continues to gain momentum.
SAN FRANCISCO--(BUSINESS WIRE)--Pinterest, Inc. (NYSE: PINS) today announced that Emily Reuter, Chief Financial Officer of Instacart, has joined the company's Board of Directors, effective September 18. “Emily is a seasoned executive who has scaled some of the world's most dynamic technology and e-commerce businesses, including Instacart and Uber,” said Bill Ready, Chief Executive Officer of Pi...
Pinterest is rated Buy with a $52 price target, driven by international ad growth and AI-powered monetization. Performance+ and AI integration are expected to expand the SMB advertiser base, improve ROAS, and boost average spend, supporting margin expansion. International expansion via Google/Amazon integrations and reseller deals should accelerate revenue, despite near-term eCPM dilution and e...
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