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12/07/2023 16:14:00 EST
Pinterest Inc (PINS)
Industry: Internet Content & Information
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, PINS has been trading in a range between $32.25 and $24.10 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
PINS is trading below resistance at $34.79, about 2% to the upside. There is support at $28.14 -17% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Pinterest Inc (PINS) entered a Green zone 27 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 4.108, which is a Strong Buy. The current analyst target price is $32.83, which gives it a potential down side of -3.5 % from the recent price of 34.02. The stock is trading 2.97% (potential upside) below its 52 week high of $35.03 and 65.15 % (potential downside) above its 52 week low of $20.60 - based on the recent price.
Company Summary
Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find ideas, such as recipes, home and style inspiration, and others; provides video, product, and idea pins; and offers organizing and planning tools.
News
| 3 Top-Rated Social Media Stocks That Analysts Are Loving Now Investing in social media stocks offers investors an excellent opportunity for growth because the industry is growing rapidly, with 4.95 billion global users in 2023. This remarkable size emphasizes the impact of social media on international communication. Source: InvestorPlace Thu, 07 Dec 2023 14:26:45 -0500 Sentiment: Positive |
| Riding the Santa Claus Rally: Why I'm Betting on These 2 Top Ranked Technology Stock The price action in stock market indexes this year has mirrored the seasonal tendencies to an almost uncanny degree. Many of the major rallies and corrections align with those seen in the seasonal chart of the S&P 500 below. Source: Zacks Investment Research Thu, 07 Dec 2023 13:32:09 -0500 Sentiment: Positive |
| 3 Smart Stock Picks From the Elliott Investment Management Portfolio One of activist investor Elliott Investment Management's stock picks is Crown Castle (NYSE: CCI ). They sent a letter to the board on Nov. 27 recommending various changes it felt the owner of cell towers should make to remedy its underperformance in the markets. Source: InvestorPlace Wed, 06 Dec 2023 13:42:36 -0500 Sentiment: Positive |
| Pinterest Opens First Pop-Up Store To Feature Its Shoppable 2024 Trends Predictions Pinterest is launching a pop-up store in NYC to feature a shoppable curation of its 2024 trends predictions, based on insights from its 482 million monthly users. Source: Forbes Wed, 06 Dec 2023 10:42:28 -0500 Sentiment: Positive |
| 5 Stocks to Buy for Remarkable Earnings Acceleration Invest in stocks such as Freshpet (FRPT), American Public Education (APEI), Aspen Aerogels (ASPN), Cerence (CRNC) and Pinterest (PINS) for superb earnings acceleration. Source: Zacks Investment Research Wed, 06 Dec 2023 09:46:47 -0500 Sentiment: Positive |
Technicals 52 Week Hi: 35.03 52 Week Low: 20.6 Beta: 1.015 50 Day MA: 29.4398 200 Day MA: 26.9311 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.9 Qtr Revenue Growth YOY: 0.115 Forward PE: 27.933 Trailing PE: 0