Pins stock earnings date11/6/2023 With an average volume of 11.66 million shares, the market cap is $20.403 billion. The 52-week range is from $16.77 to $30.86, indicating that the price could break the high soon. Its previous close and open were at $30.31 and $30.44, respectively. (NYSE: PINS) – Technical AnalysisĪt press time, PINS Stock is trading at $29.87 with a fall of 1.55%. (NYSE: SNAP) fell 1.94% to $13.11, and Meta Platforms Inc. When examining Pinterest’s competitors, it is observed that Snap Inc. Lastly, analysts view the stock’s current value as about 27 times the expected 2024 EBITDA and 21 times the expected 2025 EBITDA. Third, Pinterest witnessed material revenue growth and the possibility for margin expansion. Second, the new CEO, Bill Ready, made some alterations which are bearing fruits and considerably improved its operations. First, improvement in digital ad spending has stabilized the company after the rough patches of 2022. (PINS Stock) – Financial AnalysisĪnalysts interpret the company’s recent growth in terms of four aspects. Furthermore, some upgrades in the company is working on have caused the price action to swell noticeably. This can be attributed to its improving advertising environment. Additionally, Evercore ISI turned bullish for the social media company. (NYSE: PINS) will release its Q2 2023 earnings report on August 1 at 4:30 p.m. 2 Pinterest Inc., in a press conference, announced the date and time for its Q2 2023 earnings report.1 PINS Stock rallied 19.79% in a week, 18.27% YTD, and 46.13% in a year.
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