![]() ![]() youll see search results as red mini-pins or red dots where mini-pins show the top search. ![]() Street is estimating about a 15% growth in revenue for 2023, which is quite conservative compared to the kind of growth we’ve seen at Pinterest in the past, Champion concluded. The all-time high Dollar General stock closing price was 260. At 3Q, PINS said they continue to evaluate the broader capital allocation strategy. With ~$500 million in FY23E free cash flow by our model, it’s sufficiently profitable and over-capitalised. Pinterest ended Q3 with $2.7 billion in cash. According to the latest long-term forecast, Pinterest price will hit 25 by the middle of 2023 and then 30 by the end. Lastly, the analyst upgraded Pinterest stock to “overweight” because he sees a buyback coming. In its latest reported quarter, Pinterest added 3.0 million monthly active users (MAUs) in the United States and Canada combined – a promising trend that Champion expects will continue moving forward. Technology Pinterest Stock Slumps On Soft Outlook and CFO. Versus the start of 2022, Pinterest stock is down nearly 30% at writing. View real-time stock prices and stock quotes for a full financial overview. Last week, Pinterest announced a layoff, which, the analyst expects, will also help with margins. We like the new leadership and investor activism. Champion sees its recent agreement with activist Elliott Management as a positive catalyst as well. ![]() Intraday data delayed at least 15 minutes or per exchange requirements. He’s convinced that Pinterest will expand its footprint in ads next year, thanks to an improved product and the fallout at Twitter Inc. stock quotes reflect trades reported through Nasdaq only. The average Pinterest stock price prediction forecasts. Thomas Champion now sees upside in this social media stock to $30 that translates to about a 25% premium on its previous close. On average, Wall Street analysts predict that Pinterests share price could reach 27.25 by Feb 7, 2024. Pinterest Inc ( NYSE: PINS) rallied this morning after a Piper Sandler analyst turned bullish on the image sharing platform citing “multiple tailwinds” for 2023. ![]()
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