{"id":76081,"date":"2023-10-24T02:06:56","date_gmt":"2023-10-24T06:06:56","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/pinterest-stock-gets-a-buy-call-ahead-of-earnings-theres-plenty-of-room-for-growth\/"},"modified":"2023-10-24T02:07:00","modified_gmt":"2023-10-24T06:07:00","slug":"pinterest-stock-gets-a-buy-call-ahead-of-earnings-theres-plenty-of-room-for-growth","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=76081","title":{"rendered":"Pinterest Stock Gets a Buy Call Ahead of Earnings. There\u2019s \u2018Plenty of Room for Growth.\u2019"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000776859\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:66.66666666666666%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\"><\/div>\n<\/figure><\/div>\n<p>Analysts are becoming more optimistic about<br \/>\n        Pinterest<br \/>\n       ahead of the photo-sharing company\u2019s quarterly results next week. <\/p>\n<p>On Sunday,<br \/>\n        Stifel<br \/>\n       analyst Mark Kelley and his team upgraded their call on Pinterest stock (ticker: PINS) to Buy from Hold. Over the past roughly one month, other analysts, including<br \/>\n        Citi<br \/>\n      \u2018s Ronald Josey and D.A. Davidson\u2019s Tom Forte, have also moved to Buy ratings.<\/p>\n<div class=\"paywall\">\n<p>The company generates revenue on ads targeted at Pinterest\u2019s users, who use the platform for inspiration on everything from kitchen organization to wedding dresses, so the slowdown in advertising that began last year spelled trouble for the stock. The shares fell 33% last year as investors waited to assess the performance of CEO Bill Ready, who took over in June 2022.<\/p>\n<p>At the start of 2023, 39% of analysts tracking the stock rated it at Buy, but that had increased to 59% as of Monday. Though challenges remain in advertising, management has offered an optimistic outlook, making analysts more upbeat.<\/p>\n<p>\u201cWe believe we can grow revenue faster than the overall market, with multiple ways to get there, resulting in a mid- to high-teens revenue CAGR [compounded annual growth rate] over the next three to five years,\u201d Chief Financial Officer Julia Brau Donnelly said on a Sept. 19 call with investors.<\/p>\n<p>On Sunday, Stifel\u2019s Kelley said his conversations with agencies that track engagement on Pinterest have turned more positive as the year comes to a close. There is similarly positive commentary about Pinterest\u2019s decision in April to start showing<br \/>\n        Amazon.com<br \/>\n       (AMZN) Sponsored Product ads to make it easier to shop, Kelley noted.<\/p>\n<p>Plus, \u201cwe think there is still plenty of room for growth outside the domestic market,\u201d Kelley wrote. Last year,\u00a0Pinterest expanded its ad offerings to Latin American markets like Argentina and Chile, but 40% to 45% of its user base is still in countries where the platform doesn\u2019t contain ads, according to Sensor Tower data the analyst cited.<\/p>\n<p>Pinterest also said on the September call that it is thinking about ways to cash in on its base of users in places where it has yet to do so, such as South Korea and Southeast Asia.<\/p>\n<p>Pinterest\u2019s shares were up nearly 3% to $26.75 on Monday. The stock is down 3% since <em>Barron\u2019s<\/em> recommended buying it in April. The company reports its third-quarter earnings on Oct. 30. <\/p>\n<p>Write to Karishma Vanjani at\u00a0karishma.vanjani@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/pinterest-stock-buy-rating-earnings-ba8e1a57?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts are becoming more optimistic about Pinterest ahead of the photo-sharing company\u2019s quarterly results next week. On Sunday, Stifel analyst Mark Kelley and his team upgraded their call on Pinterest stock (ticker: PINS) to Buy from Hold. Over the past roughly one month, other analysts, including Citi \u2018s Ronald Josey and D.A. Davidson\u2019s Tom Forte, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":76082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-76081","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pinterest Stock Gets a Buy Call Ahead of Earnings. There\u2019s \u2018Plenty of Room for Growth.\u2019 | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Analysts are becoming more optimistic about Pinterest ahead of the photo-sharing company\u2019s quarterly results next week. On Sunday, Stifel analyst Mark\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=76081\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pinterest Stock Gets a Buy Call Ahead of Earnings. There\u2019s \u2018Plenty of Room for Growth.\u2019 | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Analysts are becoming more optimistic about Pinterest ahead of the photo-sharing company\u2019s quarterly results next week. On Sunday, Stifel analyst Mark\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=76081\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-24T06:06:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-24T06:07:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/1698127617_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=76081#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=76081\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Pinterest Stock Gets a Buy Call Ahead of Earnings. There\u2019s \u2018Plenty of Room for Growth.\u2019\",\"datePublished\":\"2023-10-24T06:06:56+00:00\",\"dateModified\":\"2023-10-24T06:07:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=76081\"},\"wordCount\":416,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=76081#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=76081\",\"url\":\"https:\/\/ifintechworld.com\/?p=76081\",\"name\":\"Pinterest Stock Gets a Buy Call Ahead of Earnings. There\u2019s \u2018Plenty of Room for Growth.\u2019 | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-24T06:06:56+00:00\",\"dateModified\":\"2023-10-24T06:07:00+00:00\",\"description\":\"Analysts are becoming more optimistic about Pinterest ahead of the photo-sharing company\u2019s quarterly results next week. On Sunday, Stifel analyst Mark\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=76081#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=76081\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=76081#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pinterest Stock Gets a Buy Call Ahead of Earnings. There\u2019s \u2018Plenty of Room for Growth.\u2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pinterest Stock Gets a Buy Call Ahead of Earnings. There\u2019s \u2018Plenty of Room for Growth.\u2019 | iFintechWorld","description":"Analysts are becoming more optimistic about Pinterest ahead of the photo-sharing company\u2019s quarterly results next week. On Sunday, Stifel analyst Mark","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=76081","og_locale":"en_US","og_type":"article","og_title":"Pinterest Stock Gets a Buy Call Ahead of Earnings. There\u2019s \u2018Plenty of Room for Growth.\u2019 | iFintechWorld","og_description":"Analysts are becoming more optimistic about Pinterest ahead of the photo-sharing company\u2019s quarterly results next week. On Sunday, Stifel analyst Mark","og_url":"https:\/\/ifintechworld.com\/?p=76081","og_site_name":"iFintechWorld","article_published_time":"2023-10-24T06:06:56+00:00","article_modified_time":"2023-10-24T06:07:00+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/1698127617_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=76081#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=76081"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Pinterest Stock Gets a Buy Call Ahead of Earnings. There\u2019s \u2018Plenty of Room for Growth.\u2019","datePublished":"2023-10-24T06:06:56+00:00","dateModified":"2023-10-24T06:07:00+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=76081"},"wordCount":416,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=76081#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=76081","url":"https:\/\/ifintechworld.com\/?p=76081","name":"Pinterest Stock Gets a Buy Call Ahead of Earnings. There\u2019s \u2018Plenty of Room for Growth.\u2019 | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-24T06:06:56+00:00","dateModified":"2023-10-24T06:07:00+00:00","description":"Analysts are becoming more optimistic about Pinterest ahead of the photo-sharing company\u2019s quarterly results next week. On Sunday, Stifel analyst Mark","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=76081#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=76081"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=76081#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Pinterest Stock Gets a Buy Call Ahead of Earnings. There\u2019s \u2018Plenty of Room for Growth.\u2019"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/76081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76081"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/76081\/revisions"}],"predecessor-version":[{"id":76083,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/76081\/revisions\/76083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/76082"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}