Pinterest (PINS, $23.20) gets price target boost from Deutsche Bank analyst
Pinterest got a price target hike from Deutsche Bank analyst.
Deutsche Bank analyst Lloyd Walmsley boosted his price target on the image sharing /social media company’s shares to $27 from $20. Walmsley affirmed his buy rating on the shares.
The analyst said that their decision was not about near-term upside for the second quarter, but optimism about the next six to 12 months, which they view as “far more important” compared to near-term risk around covid lockdowns.
Also on Wednesday, Facebook said it was shutting down the Hobbi – which could have been a potential rival of Pinterest.
Tickeron views PINS in Downtrend: RSI indicator exits overbought zone
PINS's price could be shifting from an uptrend to a downtrend. Traders may consider selling the ticker or exploring put options. In 11 of 11 cases where PINS's RSI Indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 90%.
Current price $23.20 crossed the resistance line at $22.44 and is trading between $23.54 resistance and $22.44 resistance lines. Throughout the month of 05/29/20 - 06/30/20, the price experienced a +9% Uptrend, while the week of 06/23/20 - 06/30/20 shows a -8% Downtrend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Indicator may be shifting from an Uptrend to a Downtrend. In 7 of 9 cases where PINS's Stochastic indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 78%.
The Momentum Indicator moved below the 0 level on June 30, 2020. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 15 of 18 cases where PINS's Momentum Indicator fell below the 0 level, its price fell further within the subsequent month. The odds of a continued Downtrend are 83%.
The Moving Average Convergence Divergence (MACD) crossed below the signal line. In 7 of 7 cases where PINS's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 90%.
The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 8 of 9 cases where PINS's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 89%.
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PINS advanced for three days, in 46 of 64 cases, the price rose further within the following month. The odds of a continued Uptrend are 72%.
The Aroon Indicator entered an Uptrend today. In 36 of 49 similar cases where PINS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 73%.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 77%. During the last month, the daily ratio of advancing to declining volumes was 2.03 to 1.
The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 100 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PINS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock worse than average.
The Tickeron Valuation Rating of 53 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.65) is normal, around the industry mean (16.21). P/E Ratio (0.00) is within average values for comparable stocks, (125.41). Projected Growth (PEG Ratio) (0.00) is also within normal values, averaging (2.21). Dividend Yield (0.00) settles around the average of (0.14) among similar stocks. P/S Ratio (7.34) is also within normal values, averaging (4.81).
The Tickeron Price Growth Rating for this company is 42 (best 1 - 100 worst), indicating steady price growth. PINS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
Aroon Indicator for PINS shows an upward move is likely
PINS's Aroon Indicator triggered a bullish signal on December 18, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 257 similar instances where the Aroon Indicator showed a similar pattern. In of the 257 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PINS advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 16, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PINS as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for PINS turned negative on December 16, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
PINS moved below its 50-day moving average on December 12, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PINS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
PINS broke above its upper Bollinger Band on December 04, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.758) is normal, around the industry mean (11.194). PINS's P/E Ratio (312.500) is considerably higher than the industry average of (48.888). Projected Growth (PEG Ratio) (1.566) is also within normal values, averaging (3.441). Dividend Yield (0.000) settles around the average of (0.026) among similar stocks. P/S Ratio (7.800) is also within normal values, averaging (19.660).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. PINS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PINS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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Fundamental Analysis Ratings
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General Information
an operator of a pinboard-style photo-sharing website
Industry InternetSoftwareServices