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#Pinterest stock price target verification#
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MyWallSt Limited does not take your specific needs, investment objectives orįinancial situation into consideration, and any investments mentioned may not be suitable for Information and education purposes, and you should not construe any such information as All information provided by MyWallSt Limited is of a general nature for Platform, not a registered broker-dealer or registered investment adviser, and does not provide This website is operated by MyWallSt Ltd (“MyWallSt”). PINS stock is reasonably valued at current prices given its price to earnings multiple. No, Pinterest stock does not pay investors a dividend.Īnalysts expect PINS stock to rise by more than 50% in the next 12-months. Pinterest's attractive valuation and massive upside potential coupled with its increasing ARPU make it a top bet right now. So, should I buy Pinterest stock?Īnalysts tracking PINS stock have a 12-month average price target of $41.86, which is 56% higher than its current trading price. International users account for 80% of Pinterest's total user base, and the company will have to expand its ARPU metrics consistently to drive revenues higher. While the average revenue per user for Pinterest rose by 23% to $1.94 in Q4, investors should note that the international user generates just $0.38 for the company compared to a user based in the U.S. One key reason is the emergence of other social media platforms such as TikTok, the unwinding of the pandemic, and lower search traffic. The company's user base peaked at 478 million in Q1 of 2021 and has since fallen steadily in the following nine months. Pinterest's MAUs declined by 6% year over year to 431 million in Q4 of 2021. Going forward, Pinterest might also add AR or augmented reality components to expand its monthly active users (MAUs) and drive top-line growth higher. So, advertisers will now target customers with a higher interest, thereby improving value for all stakeholders. The social-media company explained it aims to improve user engagement by introducing formats such as short-form video, which should increase the consumer's shopping intent. Comparatively, Wall Street forecast sales of $827 million and earnings of $0.45 per share in the quarter. Pinterest reported sales of $847 million and adjusted earnings of $0.49 per share in Q4 of 2021. We can see that PINS stock is trading at a forward price to 2022 sales multiple of 5.60x and a price to earnings multiple of 24.4x, which is quite reasonable. Its adjusted earnings are forecast to expand from $1.13 in 2021 to $1.4 in 2023. It has increased sales from $755.9 million in 2018 to $2.57 billion in 2021, indicating an annual growth rate of 50%.Īnalysts expect revenue to rise by 22% to $3.14 billion in 2022 and by 27.7% to $4 billion in 2023. Pinterest is a visual discovery engine, and the social-media company is valued at a market cap of $17.63 billion. Let's see if the pullback provides investors with a buying opportunity right now. PINS stock touched an all-time high of $86 last February before falling by almost 70% to currently trade at $26.80. The company went public back in April 2019 and priced its shares at $19. Similar to most other growth stocks, shares of Pinterest ( NYSE: PINS) have remained volatile in the last few months.
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