Name of opportunity: 👀
Pinterest, Inc
First billion dollar quarter! 🥳
Pinterest has reported a revenue of $1.15 billion in its latest earnings report. This takes the social media platform to its first ever billion dollar quarter, surpassing analyst’s expectations. Pinterest is currently up by almost 20% in the past day, and is up by 23.30% in the past week.
Pinterest is a growth stock, which means it reinvests its profits to grow the business. Currently, analysts are recommending Pinterest stock as a ‘buy’.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Pinterest, Inc. might increase from $40.00 to $42.54 in the next 12 months. If you invested $1000, you might profit $63.44.
Pinterest has been performing well financially, and after it announced its impressive Q4 results, this might be the reason why investors have bought in. The company’s CFO, Julia Brau Donnelly, has said that Pinterest's ad impressions have risen over 40% in the last quarter of last year.
Another reason behind why Pinterest's stock is surging might be because the company reported that its global monthly average users increased by 11% - as it hit a record 553 million users. This surge in user growth might indicate the potential for future growth for the company.
Pinterest also uses AI-driven advertising tools like Performance+ Suite to boost ad spend, which might be another reason why the stock’s price has increased over the past week.
Inspiration and discovery 🔎
Pinterest is an American social media platform that people use to discover ideas and find inspiration. Motivation, recipes, style, and inspiration are all key areas of the platform. The company is headquartered in San Francisco, California, United States.
Which neme?: 🔍
‘Top Gainers Today’, ‘Stocks On The Move’
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