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Jefferies Downgrades Pinterest(PINS.US) to Hold Rating, Cuts Target Price to $32

Futu News ·  Jan 13 10:34  · Ratings

Jefferies analyst James Heaney CFA downgrades $Pinterest (PINS.US)$ to a hold rating, and adjusts the target price from $47 to $32.

According to TipRanks data, the analyst has a success rate of 37.1% and a total average return of 18.2% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Pinterest (PINS.US)$'s main analysts recently are as follows:

  • The firm views the adoption of GPU enabled and GenAI tools as driving fundamental upside and outperformance within the North American Internet sector. Among the various companies, it is highlighted that GPU-related investments could significantly enhance retail dominance, enabling one retailer to capture more market share and profitability effectively. Another company is mentioned as a potential compounder of GenAI benefits, with various strategic options that could increasingly be recognized.

  • The anticipated mixed earnings season for Internet companies is driven by the clashing of long-term growth prospects with immediate challenges and reinvestment scenarios. Despite these challenges, the perceived misses influenced by foreign exchange dynamics could potentially present opportunities.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

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.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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