![]() ![]() Shares of Meta Platforms have surged 13% since Wednesday, when the owner of Facebook and Instagram forecast quarterly revenue well above analyst expectations.Īlso on Wednesday Google-owner Alphabet's quarterly results showed ad sales held up better than expected. It’s down 29 so far this year as the S&P 500 index SPX, -0.06 has lost about 16. This potential increase is based on a high estimate of 65.00 and a low estimate of 20.00. Champion boosted his price target on Pinterest’s stock to 30 from 25. Short sellers betting against Pinterest and Snap were up about $240 million in mark-to-market profits due to Friday's selloff, Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, said in an email.Īt least 12 analysts cut their price targets for Snap, while Pinterest saw at least seven price target cuts on its stock. The average price target of 39.00 for Pinterests stock set by two distinguished analysts in recent weeks would represent a potential upside of approximately 86.51 from the last closing price in May, 2023 if reached by the end of the year. The two companies lost a combined $6 billion in stock market value, with Pinterest now valued at $15 billion and Snap at $13 billion. "Aside from Snap’s internal issues, the competitive landscape remains daunting, and we believe the darkest days of this downturn are ahead of us," Monness Crespi Hardt analyst Brian White wrote in a client note on Friday. ![]() Snap said it was taking steps to improve the relevance of ads shown to users, and those changes in some cases meant advertisers saw fewer "actions," such as users' tapping on ads. It warned results in the next quarter could fall below Wall Street's targets. Pinterest forecast second-quarter revenue growth below Wall Street estimates late on Thursday as the image-sharing platform grapples with a pullback in advertising spending in a market it warned remained uncertain.Īlso reporting late on Thursday, Snapchat owner Snap missed analysts' expectations for revenue, blaming changes to its advertising platform that it said hurt demand for ads. Their disappointing reports late on Thursday stood in contrast to strong results earlier this week from digital advertising heavyweights Alphabet Inc (GOOGL.O) and Meta Platforms Inc (META.O), and show that advertisers are sticking with the biggest players in an uncertain economy. Given the current short-term trend, the stock is expected to fall -15.89 during the next 3 months and, with a 90 probability hold a price between 16.16 and. It also provides THE YES app, a shopping platform for fashion that enables users to shop a personalized feed based on the user's active input on brand, style, and size.April 28 (Reuters) - Shares of both Pinterest Inc (PINS.N) and Snap Inc (SNAP.N) tumbled about 18% on Friday after the two social media companies' quarterly reports spooked investors worried about weak digital ad spending. About Analyst Research Nasdaq Analyst Research provides analyst research. This comes after the stock fell 45 in 2021. Its Video Pins include short videos from businesses that link to content on topics like cooking, beauty and DIY projects. Consensus Analyst Firms Making Recommendations Analyst Back to PINS Overview Analyst price targets provided by TipRanks. What happened Shares of Pinterest (NYSE: PINS) have already fallen 10.1 in 2022, as of the markets close on Thursday. The stock has moved 0.51 over the past week. ![]() share prices have moved between a 52-week high of 29.27 and a 52-week low of 16.77. have been exchanged, as compared to an average 30-day volume of 14.21M shares. Its Product Pins include items from its catalogue inventory that can be purchased and include metadata on prices and stock availability. So far today, approximately 5.92M shares of Pinterest, Inc. Its Standard Pins include static images that link to content from around the Web highlighting products, recipes, style and home inspiration, do it yourself (DIY), and others. It offers several types of Pins on its platform, including Standard Pins, Product Pins, Video Pins and Idea Pins. Pins are created when Pinners, creators and businesses create new content for or save existing Web content to its platform. On Pinterest, people discover and personalize visual content, which is called Pins. (Pinterest) is a visual discovery engine company. ![]()
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