FMP
Sep 25, 2024 2:13 PM - Davit Kirakosyan
Image credit: FMP
Pinterest Inc. (NYSE:PINS) shares rose nearly 4% on Tuesday after Oppenheimer initiated coverage on the company with an Outperform rating and a price target of $45, citing the platform's strong potential for growth in the digital advertising space.
Pinterest, known for its global discovery platform, attracts high-intent users searching for products and ideas, making it well-suited for direct response advertising. The integration of relevant ads enhances the user experience, similar to the way magazines do, driving high returns for advertisers. According to the report, Pinterest is currently the fastest-growing digital ad platform outside of Meta, with third-party partnerships with Amazon and Google contributing to improved auction density and pricing.
The report incorporates insights from consumer surveys, advertiser feedback, user metric analysis, and market assessments. Although Pinterest has a smaller daily active user (DAU) base compared to other social media platforms, the report highlights potential for increased user engagement. Additionally, Pinterest's current valuation—at 12x EBITDA—is viewed as attractive, with the price target based on a projected 17x 2026 EBITDA, which represents a 4% premium over its peers, reflecting its faster growth rate of 42% from 2023 to 2026.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...