KeyBanc analyst Justin Patterson maintains $Pinterest (PINS.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 51.7% and a total average return of 8.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Pinterest (PINS.US)$'s main analysts recently are as follows:
Pinterest's third-quarter revenue matched forecasts, with user expansion and margin growth emerging as the quarter's highlights. Post-results and given the cautious outlook for Q4, projections for FY25 revenue have been modestly decreased by 2%, and EBITDA expectations have been slightly adjusted downward by 1%, yet a more consistent advancement is anticipated in 2025.
The company's sales growth into the holiday season is affected by ongoing pressures in the Food & Beverage sector, which have been persistent since December 2023. This trend is taking place despite generally stable macroeconomic trends.
Persistent category headwinds from the third quarter continued into the fourth, prompting a reduction in revenue forecasts for 2025 by 2% and for 2026 by 2.2%. It is believed that there's potential for growth rates to begin recovery by the second quarter of 2025, with a stronger likelihood by the third quarter, as the company moves past these challenges.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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