The analyst starts off their coverage of PINS with a peer perform rating. The 12-month stock price forecast is 29.6, which is an increase of 22.47 from the. For the record, the consensus rating for Pinterest is a hold with 10 buy and 17 hold ratings. To go along with that rating is a price prediction of $45 per share for PINS stock. While that’s above the company’s price of $36.41 per share as of Monday’s close, it doesn’t match up to other price targets. The current consensus price for Pinterest is $66.09. Next up we have to discuss Guggenheim’s new rating and price prediction for PINS stock.
The company hit the social media company with a downgrade, which drops it from a buy rating to a neutral rating. Based on the share price being below its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bearish and PINS is experiencing. In addition to that, its new price target for PINS is $39 per share, as compared to its previous price target of $46 per share. It makes sense that PINS stock wouldn’t be reacting well to today’s news. While both the new price predictions are better than its previous close, neither of them comes close to the consensus price target for the stock.Īs far as movement goes, PINS stock is seeing a fair amount today. As of this writing, more than 8 million shares have traded hands. Given the current short-term trend, the stock is expected to rise 3.34 during the next 3 months and, with a 90 probability hold a price between 24.41 and. That’s on its way to the company’s daily average trading volume of 8.1 million shares. Stock Price Forecast The 26 analysts offering 12-month price forecasts for Pinterest Inc have a median target of 27.50, with a high estimate of 39.00 and a low estimate of 22.00. PINS stock is down 9.3% as of Tuesday morning.
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