PINS - Pinterest, Inc.

NYSE - NYSE Delayed Price. Currency in USD
-0.17 (-0.75%)
At close: 4:03PM EST
Stock chart is not supported by your current browser
Previous Close22.61
Bid22.39 x 1000
Ask22.45 x 800
Day's Range22.18 - 23.18
52 Week Range17.39 - 36.83
Avg. Volume11,411,206
Market Cap12.527B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-4.71
Earnings DateFeb 05, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est26.29
  • The Rally of Snap Stock Still Has Legs

    The Rally of Snap Stock Still Has Legs

    Snap (NYSE: SNAP) stock has been all over the map since its 2017 IPO. After a horrendous start to its life as a public company, Snapchat stock has skyrocketed nearly 200% in the past year.Source: Ink Drop / Snap's recent earnings reports suggest the company is finally on the right track when it comes to consistently growing and monetizing its users. But with fourth-quarter earnings right around the corner, investors should consider taking some of their big gains off the table in the near-term just to be safe. Snap Is Not a LeaderSnap's nearly 200% one-year gain heading into its Q4 earnings, due to be reported on Feb. 4, is the type of rally more likely to be delivered by a company that is dominating its industry and swimming in cash. There's no question Snap has made tremendous strides in the past year, but it's far from the leader of social media.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs of October, Snap had about 314 million active users. Facebook's (NASDAQ: FB) flagship website is the clear social media leader with 2.4 billion users. YouTube has 2 billion users, Instagram has 1 billion users, Reddit has 330 million, and Twitter (NYSE: TWTR) has 330 million. Even relative newcomer TikTok has 500 million users.But Facebook isn't just beating Snap in the user department. It's also beating Snap in monetizing its users. In its most recent reported quarter, Facebook's average revenue per user (ARPU) was $7.26. That number is ahead of Twitter's $5.68 and Snap 's $2.12. Not only is Snap well behind the competition in ARPU, but its ARPU is only up about 5 cents from the fourth quarter of 2018. * Invest in America's Most Trusted Brands With These 7 Stocks to Buy At one time, Snap was considered the best way for advertisers to reach the coveted demographic of consumers under the age of 30. However, Instagram now dominates that demographic, and TikTok is growing the fastest in the category. Opportunities AheadDespite Snap's weaknesses, Bank of America analyst Justin Post says there are plenty of things to love about the company. The biggest change in Snap from a year ago is that its user growth has accelerated.In Q3, its daily active user growth jumped to 12.9% from around 4.5% in the same period of 2018.Post says that, given the combination of its user growth and its opportunities to close the monetization gap with Facebook and others, Snap stock can climb further."Snap still has a big opportunity ahead with a growing Millennial/Gen Z user base that spends 30+ minutes per day on the app, much more time than social peers," Post says.Post estimates that Snap's revenue can rise by 40% in 2020, with its ARPU increasing 26%."Snap likely has a small fraction (of the) social advertisers on Facebook, and we think closing this difference can close the sizable advertising [cost per thousand impressions] gap to peers," Post says.By adding advertisers and implementing new content strategies such as Discover content and Dynamic Products ads, Snap should be able to make its business much more efficient in 2020.Bank of America has a "buy" rating and a $22 price target on Snap stock. Are the Positive Catalysts Already Priced In?The million-dollar question for investors is what is already priced into Snapchat stock after its huge rally.The average analyst estimate is calling for Snap to roughly break even on EPS in 2020 after reporting an 18 cent per share loss in 2019. Even looking ahead to 2021, analysts, on average, are estimating EPS of only 26 cents. That means Snap stock is currently trading at 73.4 times the average 2021 earnings estimate, a steep valuation to say the least.Unfortunately, price-sales numbers don't offer much comfort either. Snap currently trades at about 17.2 times its sales, well above the levels of Facebook (9.4), Twitter (7.6) and even Pinterest (NYSE: PINS) (11.6). Based on Bank of America's 2020 revenue estimate of $2.42 billion, Snap's forward P/S ratio is around 11, still on the high end of its peer group. How to Play Snapchat StockIt's difficult to recommend buying a stock that is up nearly 200% in the last year. Unfortunately, Snap stock is more likely to fall than rise in the near-term. At the very least, I would take some profits off the table ahead of the company's Q4 earnings.However, Snap's shares are now trading at just a 12% premium to their IPO price nearly three years after the company went public. It's perfectly reasonable at this point to think the Snap bull case may have simply been early, rather than wrong.Investors who are bullish on Snap's long-term outlook should feel much better about owning the stock today than they did following the IPO in 2017. I just believe that, after Snap's big rally, investors will get a better entry point in the stock some time in the coming months.As of this writing, Wayne Duggan held no positions in the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post The Rally of Snap Stock Still Has Legs appeared first on InvestorPlace.

  • The Pros and Cons of Buying Pinterest Stock

    The Pros and Cons of Buying Pinterest Stock

    One of the hottest initial public offerings of 2019, Pinterest (NYSE:PINS), started out making good on the hype. After going vertical for several sessions after its debut, Pinterest stock subsequently became choppy, and a revenue miss combined with disappointing guidance during its third-quarter 2019 conference call quickly sank shares. But does that depression present an opportunity for investors?Source: Nopparat Khokthong / Personally, I've been skeptical about this stock. Although the underlying company is very relevant with the youth market, social media is a very crowded sector. With Facebook (NASDAQ:FB), Twitter (NYSE:TWTR), Snap (NYSE:SNAP) and others competing for attention, it's hard to get too excited about yet another social media company.On the flip side, this industry is notorious for producing slow starts. Most recently, we only need to look at Snap's IPO drama, which saw the company stumble out of the gate. But since late 2018, SNAP has been one of the top-performing stocks. It seems like Wall Street just needed some time to get comfortable with the underlying business proposition.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, should you gamble on Pinterest stock, especially given it still trades at a discount relative to 2019 highs? Here are two pros and two cons to consider. Pro: Pinterest Stock Benefits from Youthful PopularityWhen it comes to social media firms, eyeballs are everything. However, not all traffic sources have the same level of desirability. Just like traditional media companies target the 18 to 49 demographic, social media companies have similar attitudes. The difference here is that Pinterest has gained serious traction with the young demo. * The 10 Best Value Stocks to Own in 2020 According to data from the Pew Research Center, a respectable 34% of U.S. adults ages 18 to 29 use Pinterest. Additionally, 35% of those ages 30 to 49 use the platform. That beats out rivals Twitter (26%) and Snapchat (25%).Critically, the usage of Pinterest stays nearly consistent between young adults and "young-ish" adults. This factor separates the platform from something like Snapchat, which is clearly geared toward youthful frivolities. As Snapchat users grow up, they quickly abandon the app.This also tells me that people use the platform for reasons unrelated to age-defined behaviors. In other words, you can grow with Pinterest stock, which you can't always say for other social-media related investments. Pro: It's Attractive to AdvertisersAnother interesting factor with positive implications for the stock is the underlying platform's attractiveness to educated users. In fact, between Pinterest, Twitter and Snap, the former features the most educated user base.Again, data from Pew indicates that 32% of Pinterest users have some college education, while 38% have college degrees. In both categories, the company beats its primary rivals by a conspicuous margin.Combined with the consistent use across age groups, Pinterest also has a relatively wealthy user base. According to Pew, 34% of U.S. adult Pinterest users make between $50,000 to $74,999 a year, and 39% make $75,000 or more. Again, in both of these income brackets, PINS beats out Twitter and Snapchat.As a result, the company is very appealing to advertisers. Not only is the app popular among key demographics, those demographics have the money to plunk down on desirable goods. Con: Pinterest Skews Heavily FemaleSpeaking as a man, there are many instances where a heavily female-skewed audience is desirable. But with Pinterest stock, such gender imbalances represent a liability. Approximately 70% of the app's users are women, which is a huge problem.As I stated above, social media is all about the eyeballs. And while some eyeballs are more desirable than others, few companies can afford to be deliberately selective about their traffic. Now, the company has never set out to be a female-oriented platform. But without greater male participation, the underlying company's ultimate attractiveness to advertisers is necessarily limited.To be fair, 50% of 2018's new sign-ups on the platform were men. But even with more men joining the platform, social media forecasts indicate that the gender split won't change appreciably from where it's at today. Thus, while advertisers appreciate the income level of Pinterest users, the skewed user base is a headwind. Con: Where's the Beef?Not only does Pinterest stock suffer from imbalanced gender ratios, I don't care for how the app is commonly used.In the U.S. market, the platform's most popular category is art, art supplies and hobbies. As someone who dabbles in and supports the arts, I have no problem with this per se. However, this category just doesn't bring in the big bucks. If you don't believe me, consider the troubles some arts and crafts specialists have suffered in the past year.Given that the company's user base leans heavily female, I'm not surprised that this category ranks tops on the platform. But what about the men who use Pinterest?Not surprisingly, the technology category is popular among the guys, but so are food and drinks. This leads me to believe that Pinterest lacks traction with high-dollar industries. And that's another concern as it relates to attracting advertisers. The Bottom Line on PINSAt its higher valuation last year, Pinterest stock was an easy sell. But at the present relative discount, I can see why many people are interested in buying. At these prices, I'm not against taking a speculative bet. However, the company's longer-term headwinds leave room for pause.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 7 Earnings Reports to Watch Next Week * 7 5G Stocks to Connect Your Portfolio To The post The Pros and Cons of Buying Pinterest Stock appeared first on InvestorPlace.

  • 4 Top Stock Trades for Friday: NFLX, INTC, AXP, PINS

    4 Top Stock Trades for Friday: NFLX, INTC, AXP, PINS

    The stock market continues to fight through the coronavirus scare, as stocks opened lower then pushed higher in the afternoon. That said, let's look at a few top stock trades going into the end of the week. Top Stock Trades for Tomorrow No. 1: Netflix (NFLX)Source: Chart courtesy of StockCharts.comNetflix (NASDAQ:NFLX) slipped after reporting its fourth-quarter results, despite better-than-expected earnings, revenue and international growth results. The culprit? North American growth, apparently.But on Thursday, the stock was erasing its post-earnings losses, jumping higher as it bounces from support. That support comes from a trifecta of catalysts: rising uptrend support (blue line), the 50-day moving average and the 200-day moving average.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 7 Stocks That Cautious Investors Should Sell Now Now, it faces $340 resistance, which is former range of support from the first half of 2019. Over the new 2020 high of $349.87, and the gap fill up toward $362 is possible. If resistance holds, look for another dip down to support. Top Stock Trades for Tomorrow No. 2: Intel (INTC)Source: Chart courtesy of StockCharts.comIntel (NASDAQ:INTC) will report earnings after the close on Thursday, and the stock has been hot, hot, hot!Shares are breaking to new highs on the week, as bulls anticipate a good number. As good as it feels on the run-up though, I hate this kind of setup. It makes it incredibly difficult to top expectations.For Intel specifically, the action feels similar to April 2019, when shares ripped higher and higher before being hammered lower. Hopefully, though, that's not the case this time around.If we do get a pullback, see how the $60 level and 10-day moving average hold up as support. Below that, and the $55 to $56 area on watch. Top Stock Trades for Tomorrow No. 3: American Express (AXP)Source: Chart courtesy of StockCharts.comAmerican Express (NYSE:AXP) has also been doing well, climbing to new highs ahead of its Friday morning earnings report.Shares are consolidating between $130 and $132, and sport a recent high of $132.27. Over that mark, and AXP can continue higher up to $135 or higher. However, on a pullback, I want to see where support comes into play. * The 3 Best Bank Stocks to Buy After Earnings Is it a good report that is met with sellers, simply because the stock has run so much? If so, it could send AXP down to the $126 to $128 area, where bulls can buy the dip. If the results are worse and American Express really gets hit, look for a dip down to the 50-day or 200-day moving average. Top Stock Trades for Tomorrow No. 4: Pinterest (PINS)Source: Chart courtesy of StockCharts.comOnce Pinterest (NYSE:PINS) broke out over downtrend resistance (purple line), it was off to the races. Shares burst from $18 to $24 in just a few weeks, the latter of which acted as resistance.PINS couldn't push through $24 and the 100-day moving average. Shares are now consolidating between the $22 and $23 levels, as investors look to see which way this one breaks.If it breaks lower, a test of the 20-day moving average is in store. Below that, and uptrend support (blue line) and the 50-day moving average could be on the table. That to me would be a great buy-the-dip location amid the current trading environment.If shares break out over $23 and the 100-day moving average, look for a test of the recent high at $24.05. Above puts a gap fill up to $25 on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long PINS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Stocks That Cautious Investors Should Sell Now * 7 Healthcare Stocks With 100% Street Support * 3 Chinese Stocks to Buy, Sell, or Play from Either Side The post 4 Top Stock Trades for Friday: NFLX, INTC, AXP, PINS appeared first on InvestorPlace.

  • After a Stellar 2019, What Awaits Global IPO ETFs in 2020?

    After a Stellar 2019, What Awaits Global IPO ETFs in 2020?

    Global IPO activity had a pretty decent year in 2019 and is expected to remain busy in 2020.


    7 Internet Stocks That Should Climb Higher This Year, According to an Analyst

    Pivotal Research Group analyst Michael Levine lifted his price targets for Facebook, Alphabet, Twitter,, and three other internet stocks.

  • The Key Questions for Pinterest Stock Before February Earnings

    The Key Questions for Pinterest Stock Before February Earnings

    At the end of the third quarter, Pinterest (NYSE:PINS) had 322 million monthly active users (MAUs). That fact, along with the market value assigned PINS stock, sets up a rather interesting comparison.Source: Nopparat Khokthong / Pinterest's enterprise value (EV) -- its market capitalization less cash -- is $11.3 billion. Snap (NYSE:SNAP) announced it had 210 million DAUs (daily active users) for its 3Q earnings, which means its monthly user base is likely much higher. Furthermore, its EV is more than twice as high.Twitter (NYSE:TWTR) finished 2018 with 321 million MAUs, at which point it stopped disclosing that figure. It closed the 3Q 2019 with 145 million DAUs, and its enterprise value is right around $23 billion -- almost exactly double that of Pinterest.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFrom a per-user standpoint, PINS stock looks noticeably undervalued. The question at this point, though, is if it should be. PINS Stock RalliesTrading in Pinterest stock this week suggests investors are paying closer attention to user-based valuation. A report on Tuesday from eMarketer showed that Pinterest actually has more U.S. users than Snapchat in 2019. In the three ensuing sessions, PINS stock gained 17%. * The Top 5 Dow Jones Stocks to Buy for 2020 Again, the optimism makes some sense -- particularly with PINS stock struggling in recent weeks. Shares plunged after the company's third-quarter report in November showed slowing revenue growth. But the report was hardly terrible: the top line still grew 47% year-over-year in the quarter.Also, with PINS stock below $20 after fading further following the post-earnings selloff, valuation looked reasonable -- at least by social media stock standards. Valuation remains reasonable, with EV/2019 revenue just above 10x, and the 2020 multiple barely above 7x. On a top-line basis, too, PINS trades at a discount to TWTR and SNAP.In fact, it trades at only a modest premium to Facebook (NASDAQ:FB), whose revenue growth next year is expected to be around 21% versus 35% for Pinterest. It might seem crazy -- or the sign of a bubble in the market -- to argue that PINS stock is cheap at 7x revenue, with adjusted earnings per share (EPS) next year likely to be barely positive. But, on a relative basis, it is. The Case for Pinterest StockAnd where that gets particularly interesting is looking at how Pinterest monetizes those users. Simply put, Pinterest isn't doing a very good job -- yet. Its global ARPU (average revenue per user) in the third quarter was just $0.90. The figure at Snap (albeit on a daily user basis, which inflates the number somewhat in comparison) was $2.12. Twitter (again, based on daily numbers) was near $6, and Facebook (using MAUs) above $7 -- about eight times that of Pinterest.Somewhat counterintuitively, this is good news for PINS stock, as it means there's plenty of room for improvement. That's most obviously true overseas, as ARPU outside the U.S. in the third quarter was just 13 cents. On the other hand, SNAP stock has rallied over the past 13 months thanks to optimism toward its own potential for better monetization, especially overseas. Pinterest has a similar opportunity and a lower stock price, at least relative to its users and revenue.The eMarketer report seems to have reminded investors of that fact, and so the rally this week makes some sense. The RisksThat said, there are three key risks here. The first is that the other stocks in the social media space may well be overvalued. Pinterest stock could outperform SNAP going forward, but that alone doesn't mean PINS will rally.The second is that competition is going to be intense, and Pinterest is later to the game. Amazon (NASDAQ:AMZN) quickly is becoming a force in online advertising, and threatening the duopoly of Facebook and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) in the process. Pinterest is a later entrant into the space, which may make it more difficult to challenge those giants.Finally, it's fair to wonder at least a little bit, if execution needs to improve. The international ARPU figures in particular are quite soft -- and can't be explained solely by different demographics and buyer behaviors. All social media companies have much higher monetization domestically, but none have the huge spread that Pinterest does; ARPU in Q3 was $2.90 in the U.S., 22x the overseas figure.The opportunity for improvement is bullish in the sense that ARPU can drive overall revenue growth. However, it's bearish in the sense that the opportunity is so large. ARPU rose just 14% YOY in Q3. A 26% rise in the U.S. is solid, but with the domestic user base up just 8% YOY, there might not be enough in that market to drive the growth still priced into the stock.Meanwhile, overseas markets, again, are much smaller: even Facebook generated just $3.24 per user in Asia-Pacific in Q3, and $2.24 in its "Rest of World" segment (which excludes the U.S., Canada, Europe, and Asia Pacific). That's a big reason why PINS stock slumped so much after the Q3 report, despite seemingly impressive consolidated results. A Key Earnings Report for PINS StockRecent trading and the reaction to Q3 suggest that the fourth-quarter report, due on Feb. 6, is exceedingly important. Investor enthusiasm has built just this week. Valuation might be cheap on a relative basis, but PINS stock still trades at nearly 7 times 2020 revenue and over 300 time adjusted EPS.Pinterest doesn't necessarily have to prove its ability to better monetize users in a single quarter, but it needs to inspire confidence on that front. This increasingly is a story of opportunity versus execution, and Pinterest needs to make sure investors keep focusing on the former -- and not the latter.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post The Key Questions for Pinterest Stock Before February Earnings appeared first on InvestorPlace.

  • Benzinga

    Bulls And Bears Of The Week: IBM, Microsoft, Tesla And More

    Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included a software leader and a discount airline. Bearish calls included an electric vehicle giant ...

  • 5 Top Stock Trades for Tuesday: BA, PINS, AMZN

    5 Top Stock Trades for Tuesday: BA, PINS, AMZN

    The stock market continues to grind out new record highs, as equities pushed higher on Friday. Remember, Monday is closed in observation of Martin Luther King Jr. Day, so let's look at a few top stock trades for Tuesday. Top Stock Trades for Tuesday No. 1: Boeing (BA)Source: Chart courtesy of StockCharts.comBoeing (NYSE:BA) stock is moving lower on Friday, and as it's doing so, it's approaching the lower end of its recent trading range.Range support has stood firm for well over a year. The only time it failed came in late-2018, when the entire market was being hammered. Should $320 give way, it technically puts the $300 level on the table -- with the fourth-quarter lows near $286 possible below that.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf support holds, see if BA can take out its recent high at $344. If so, its 100-week moving average and downtrend resistance (blue line) are possible. Top Stock Trades for Tuesday No. 2: Pinterest (PINS)Source: Chart courtesy of StockCharts.comPinterest (NYSE:PINS) has suddenly found itself back in demand, with shares rallying from $20 to $24 in just a few trading sessions.Despite an upgrade propelling it higher on Friday, shares backed off after running into prior range support between $24 and $25, as well as the declining 100-day moving average.What now? Let's see if the stock can find its footing and continue to press higher. Otherwise, a correction down to $21 and/or the 20-day moving average may be in the cards. Top Stock Trades for Tuesday No. 3: Amazon (AMZN)Source: Chart courtesy of StockCharts.comA lot of investors are bemoaning the way Amazon (NASDAQ:AMZN) is trading lately. While it lacks the firepower that other mega-cap tech stocks have shown, it is doing better.Shares broke down below a rising wedge formation (purple lines), but the stock is finding support from the backside of prior channel resistance (blue line), as well as the 20-day moving average.Below this zone would be discouraging. But as long as it stays above the 200-day moving average, bulls still have something to work with. Below the 200-day, and that changes.On the flip side, bulls need to see AMZN clear $1,900 to regain momentum. Above puts the recent high of $1,917 on the table, followed by a potential test up to its July gap near $1,940. Top Stock Trades for Tuesday No. 4: Schlumberger (SLB)Source: Chart courtesy of StockCharts.comSchlumberger (NYSE:SLB) initially rallied on Friday after reporting earnings, but has since turned lower. Now comes make-or-break time.Near $37.50, SLB stock has the rising 50-day moving average and uptrend support (blue line) in play. Below this zone, and longs may want to consider hitting the exits. Below the 200-day moving average, though, and that's most certainly the case for traders.On the upside, investors can see that SLB failed to reclaim $40, a key technical level over the past year. If SLB can reclaim this mark, it will show that bulls are back in control. For now, though, let's see if that trend support holds up. Top Stock Trades for Tuesday No. 5: Twilio (TWLO)Source: Chart courtesy of StockCharts.comTwilio (NYSE:TWLO) has been like a little rocket. Shares broke out over long-term downtrend resistance (blue line) in December, while most growth stocks were already well out of their respective downtrends.In any regard, TWLO has been playing catch-up. On the last trading day of 2019, TWLO closed at $98.28. However, the stock headed north of $120 in five trading days since, all of which were positive. Now, shares are chopping between $117.50 and $121 -- the latter of which comes into play with the 200-day moving average.Below $117.50, and TWLO may correct a bit further given its large run. However, a move over the 200-day moving average, and the $123 mark could fire up the rally once more -- potentially sending TWLO over $130.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long PINS and TWLO. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post 5 Top Stock Trades for Tuesday: BA, PINS, AMZN appeared first on InvestorPlace.

  • Benzinga

    Wells Fargo Sees 30% Upside In Pinterest Shares, Says 'Fundamentals Remain On Solid Footing'

    Shares of social media platform Pinterest Inc (NYSE: PINS ) are poised to take off given its material underperformance relative to the broader market since its April 2019  IPO , according to Wells Fargo.  ...

  • MarketWatch

    Pinterest stock rallies again after Wells Fargo upgrade

    Shares of Pinterest Inc. have had a strong week, rising 17% over the past three trading sessions, and the rally looks poised to continue after an upgrade to overweight from equal weight by Wells Fargo analyst Brian Fitzgerald. The stock is up more than 4% in premarket trading Friday. "Shares have materially underperformed the broader market since the company's April 2019 IPO, despite our view that the company's fundamentals remain on solid footing, as Pinterest has delivered generally solid results, handily exceeding pre-IPO targets with healthy audience and engagement growth, strong revenue growth and solid progress toward profitability," he wrote. He sees several catalysts down the road, including greater engagement stemming from more video on the platform, improvements in monetization on the heels of ad-tech upgrades, and better international monetization as the company invests in an overseas sales force. Fitzgerald said that Pinterest's average revenue per user in the U.S. was 22.5 times what it was internationally in the third quarter, compared to 3.6 times for Snap Inc. , 4.6 times for Twitter Inc. , and 6.9 times for Facebook Inc. . He upped his price target to $30 from $28. Pinterest shares have risen 26% over the past month, but they're off 12% over three months. The S&P 500 has climbed 4% over one month and 11% over three.


    Pinterest Upgraded at Wells Fargo After Shares `Materially Underperform' the Market

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  • Pinterest Overtakes Snapchat in Popularity Among US Users

    Pinterest Overtakes Snapchat in Popularity Among US Users

    Pinterest (PINS) becomes the third largest social media network, surpassing Snapchat, per a recently released eMarketer Report. The report predicts Pinterest's user growth to continue in 2020.

  • Business Wire

    Pinterest to Announce Fourth Quarter and Fiscal Year 2019 Results

    Pinterest, Inc. (NYSE: PINS) will release financial results and a letter to shareholders for the fourth quarter and fiscal year 2019 on Thursday, February 6, 2020 after market close. The company will host a Q&A conference call to discuss these results at 2:30 p.m. PT (5:30 p.m. ET) on the same day.

  • 3 Momentum Stocks to Consider for 2020

    3 Momentum Stocks to Consider for 2020

    A new calendar year doesn't always mean a fresh start. But when it comes to three of 2019's more painful investments, well-built technical bottoms and out-the-gate momentum in January are favoring turnarounds that become full-fledged, bullish momentum stocks in 2020. Let me explain.I've said it before and it bears repeating, every dog has its day. In the markets this is akin to down and out stocks, which unexpectedly surprise investors with a jump in share price. But not every doggish stock is bound to be sent back into the proverbial dog house. Some will go on to become momentum stocks.As discussed earlier this month at, rotations into underappreciated or even vilified stocks can turn into massive opportunities as overly bearish sentiment and price action turn aggressively around. Often these disruptive shifts in investment behavior occur early in the calendar year. If for no other reason this phenomenon can be tied to institutional investors who can move more freely into last year's dogs without having to defend a stock with fleas to stakeholders at year-end.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Stocks to Buy Under $10 Having said that, Beyond Meat (NASDAQ:BYND), Pinterest (NYSE:PINS) and Grayscale Bitcoin Trust (OTCMKTS:GBTC) are three investment vehicles that demonstrate potential as momentum stocks in 2020. Momentum Stocks to Buy: Beyond Meat (BYND) Source: Charts by TradingViewAfter getting scorched in 2019 faux-meat producer Beyond Meat has quickly become a sizzling investment with Wall Street. Shares are up roughly 50% in just over a handful of trading days in 2020's early going. The catalyst? The initial headline driver was privately held rival Impossible Foods was throwing in the towel on its bid to land a spot on the McDonald's (NYSE:MCD) menu. And that leaves the door wide open for BYND stock.Technically speaking and aside from the huge gain in share value, BYND stock has firmly broken price resistance formed during the construction of a key lateral congestion pattern.BYND Stock Strategy: Our recent recommended strategy nailed a huge win in this momentum stock. But while resistance has been overcome, BYND stock is also incredibly volatile and overbought near term. My advice, put shares on the radar for purchase in-between $95 - $105 as part of a married put or collar options-based position. Pinterest (PINS) Source: Charts by TradingViewPinterest is the next of our momentum stocks to buy. When all was said in done in 2019, the popular web-based visual discovery platform saw shares cut in half from their highs and modestly below their IPO stock price of $19. But now investors might be smart to recognize what a difference a day can make.In truth, shares were already on the move out-the-gate in 2020. But Tuesday's near-10% gain has shares looking like a bonafide momentum stock. The headline driver was a report PINS stock has overtaken Snap (NYSE:SNAP) in users and only trailing social media giant Facebook (NASDAQ:FB) and the company's Instagram app.Technically, PINS stock has confirmed December's bottoming hammer candlestick formed around the 1.27% extension level and begun a move into a large gap area. This could produce a vacuum-like sweeping of shares higher before an eventual pullback. * 7 Socially Responsible ETFs to Buy in 2020 PINS Stock Strategy: This momentum stock can be bought today in anticipation of the price gap being filled. On a challenge of the $25 area, I'd recommend buying a protective put on the cheap and leave the upside open-ended until after earnings in February. Grayscale Bitcoin Trust (GBTC) Source: Charts by TradingViewThe Grayscale Bitcoin Trust is the last of our momentum stocks to buy. GBTC stock is a listed trust tied to the cryptocurrency market's largest play. Investors pay a premium versus owning the actual contract. However, due to the transparency of listed OTC securities, as well as the product's strong liquidity, I believe this is a more suitable way for most investors to gain exposure.Any investor with even a passing interest in the markets has heard of bitcoin's dazzling run and equally impressive crash over the past couple years. But if there's one game-changing technology in the market right now, the cryptocurrency space would definitely deserve to be in that conversation. And right now there's reason to see another bullish cycle emerging and GBTC's status as a momentum stock back in action.Technically, shares of GBTC have formed and confirmed a bullish higher low pattern between the 62% and 76% Fibonacci levels on the monthly chart. With GBTC up roughly 22.50% in January, it's fair to say this is a momentum stock opportunity. Yet another glance at the big picture also strongly suggests bitcoin is just now turning the corner for bullish investors.GBTC Stock Strategy: Buy this momentum stock today. But don't go all in. I'd recommend adding if confirmation of the rally is backed by a bullish crossover from GBTC stock's monthly stochastics. Use the recent low for exiting if needed and stand ready to take partial profits at the 2019 high near $17.50.Disclosure: Investment accounts under Christopher Tyler's management currently own positions in Beyond Meat (BYND) and Bitcoin (GBTC) securities, but no other investments mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Up-and-Coming Small-Cap Stocks to Watch * 7 Energy Stocks to Buy on the Resurgence of the Oil Boom * 3 Standout Oil Services Stocks to Buy The post 3 Momentum Stocks to Consider for 2020 appeared first on InvestorPlace.

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    (Bloomberg) -- Pinterest Inc. shares rose as much as 13% on Tuesday after a report showed it beat out Snap Inc.’s Snapchat to become the third-biggest social media platform in the U.S.Pinterest had an estimated 82.4 million U.S. users in 2019, a 7.4% gain from the previous year, while Snapchat had 80.2 million users, data tracker eMarketer estimated. Pinterest’s U.S. users are projected to rise 4.4% to 86 million in 2020, the firm said. Facebook and Instagram, both owned by Facebook Inc., hold the top two positions.“While Snapchat has a young core audience that it caters to, Pinterest has a more universal appeal, and it’s made significant gains in a wide range of age groups,” analyst Nazmul Islam said in the report.Pinterest makes the bulk of its revenue from U.S. users and is in the early stages of efforts to boost international ad sales. The stock still hasn’t recovered from losses after a third-quarter revenue miss led to a 17% plunge in November.While some analysts say the company’s third-quarter earnings results hint at saturation in its U.S. market, bulls say the stock remains attractive as it continues to develop its advertisement offerings.Wall Street’s expectations for Pinterest’s fourth-quarter financial results “are reasonable” and user survey results revealed positive trends, RBC Capital Markets analyst Mark Mahaney said in a research note late Monday. The results are due in mid-February.To contact the reporter on this story: Andres Guerra Luz in New York at aluz8@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at, Jeran WittensteinFor more articles like this, please visit us at©2020 Bloomberg L.P.

  • MarketWatch

    Pinterest stock surges 10% after eMarketer says it has passed Snapchat in users

    Shares of Pinterest Inc. are up 9.8% in Tuesday morning trading after a report from eMarketer said that the service is now the No. 3 social-media platform in the U.S., beating out Snap Inc. . Pinterest had 82.4 million users in 2019, according to eMarketer estimates, compared with 80.2 million for Snap. The report predicts that Pinterest will maintain its edge extending into 2022. Pinterest lagged Snap in terms of eMarketer's user estimates in 2018. The estimates look at users of any age who visit the services once a month. For Pinterest, eMarketer looks at interest users who access their accounts on any devices and for Snapchat it looks at those who visit from the mobile app. Representatives from Pinterest and Snap didn't immediately respond to MarketWatch's request for comment. Pinterest shares have gained 23% over the past month, as the S&P 500 has risen 3.7%.


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