Pinterest Stock News

Snap stock, Pinterest and Reddit each have Q2 results due soon. Here is what analysts are watching.

Pinterest's unique platform and intent to buy users is a big competitive advantage. Its flywheel of targeted ads helps users with designs and ideas and consequently drives more value for advertisers with more conversions. Pinterest is reasonably priced at 7x sales or 0.4x sales growth, in line with its competitors.

As of July 2024, over 60% of the human population uses social media. This number will continue rising as global economies improve.

Pinterest's stock has performed well over the past year, driven in large part by multiple expansion. While further multiple expansion appears unlikely, strong growth should see the stock continue to perform well. A weakening economy is a risk but Pinterest's efforts to attract new users, increase engagement and improve monetization should offset this in the near term.

Pinterest (NYSE: PINS ) stock is in the green today despite the release of a short report from Grizzly Research. The research firm's model values PINS stock between $5.28 and $16.

The Dow Jones Industrial Average hit an all-time high of 40,720.64 on July 15. Despite the new record, the 30 blue-chip stocks that make up the index are only up 8% in 2024, less than half the S&P 500.

The great resignation began sometime in early 2021, coinciding with the pandemic. It was marked by a massive voluntary resignation by many workers across the U.S. Those workers cited unfavorable work conditions, burnout, and a lack of advancement opportunities as people reconsidered what was important to them in their work lives.

There's never a bad time to put your money to work on Wall Street if you have a long-term mindset. A majority of online brokers have eliminated commission fees on common stock trades and minimum deposit requirements, which is great news for retail investors.