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.
PINS in upward trend: price rose above 50-day moving average on December 06, 2024
PINS moved above its 50-day moving average on December 06, 2024 date and that indicates a change from a downward trend to an upward trend. In of 38 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PINS's RSI Oscillator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on November 22, 2024. You may want to consider a long position or call options on PINS as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for PINS just turned positive on November 26, 2024. Looking at past instances where PINS's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .
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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for PINS crossed bearishly below the 50-day moving average on November 13, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady 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 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 (11.013). PINS's P/E Ratio (312.500) is considerably higher than the industry average of (51.267). 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 (19.431).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable 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 89, 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