Bull of the Day: Pinterest (PINS) [Yahoo! Finance]
Pinterest, Inc. Class A (PINS)
Company Research
Source: Yahoo! Finance
Pinterest reported strong first-quarter 2024 results on Tuesday, with the bottom and top lines surpassing their respective Zacks Consensus Estimate. The big story is that lots of architecture solutions for advertising and marketing technology are paying off and providing sustained ROI to sellers, such as bottom-of-funnel direct response ads and supporting ad-tech. You can get all the quarterly numbers and growth metrics in this article we published Wednesday. Today I want to focus on the analyst reactions. Monetizing Pinterest Gets Real Several investment bank analysts were impressed by the quarter and management's ability to turn the levers of growth -- especially capitalizing on key relationships with Google and Amazon. RBC Capital found that PINS strong Q1 performance was driven by the effectiveness of direct links that resulted in increased advertiser spending due to improved return on ad spend. "Direct links is working, with advertisers spending more as they see bett
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PINS
News
- Ansel Adams' Timeless Portraits Immortalized on Stamps [Yahoo! Finance]Yahoo! Finance
- Pinterest Appoints Chip Bergh to Board of DirectorsBusiness Wire
- Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- Pinterest (PINS) International Revenue Performance Explored [Yahoo! Finance]Yahoo! Finance
- Pinterest, Inc. (NYSE: PINS) had its price target raised by analysts at Loop Capital from $43.00 to $49.00. They now have a "buy" rating on the stock.MarketBeat
PINS
Earnings
- 4/30/24 - Beat
PINS
Sec Filings
- 5/16/24 - Form 144
- 5/15/24 - Form 144
- 5/15/24 - Form 144
- PINS's page on the SEC website