News about Pinterest

Pinterest (PINS) stock is down 17.5% this year, closing at $21.91 on October 16, but has rallied 19.9% from its September 9 closing low of $18.28. Holds now lead analyst ratings with 19, versus 17 Buys and 2 Outperforms, and the $29.05 mean price target has been unchanged since September 30. Q2 revenue rose 18% to $1.18 billion, but the Q3 guide of $1.19 billion to $1.21 billion implies 13% to 15% growth. Pinterest also named James Dibbo, who ran finance for Amazon's ads and Prime Video businesses, as CFO starting October 26. The article presents a bull case, citing 18% U.S. and Canada revenue growth and an adjusted EBITDA margin outlook of about 30%, and a bear case, pointing to slower Q3 growth and Hold-heavy ratings.