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Analysis of Pinterest Inc.

Analysis of Pinterest Inc.

5 October 2022

Pinterest: Keeping profitability

Social network, photo hosting and epicenter of creativity – Pinterest. A few months ago, we already considered a trading idea for the company’s shares. Now it is worth admitting that the bet on the issuer was a success.

Confident support for Pinterest business are:

  • forecasts for sales in 2022 (+18-19%);
  • expansion of the company’s capitalization;
  • maintaining the volume of financing of advertising campaigns.

Pinterest’s reputation plays in favor of Pinterest, which allows it to attract new subscribers even now.

Among the visible risks:

  • activation of competition – Juxtapost and We Heart It are not asleep;
  • the general drawdown of the US stock market due to the recession;
  • high base of last year;
  • slowing down of the online advertising sector.

In addition, this year Pinterest, like others, is feeling the negative impact of rising inflation, as well as increased marketing costs and wage indexing.

In our June forecast, the consensus forecast for Pinterest shares was $26 over the year. The current price is almost $25. However, the trend is unfolding and allows you to count on an additional increase. The goal is $30.

On the daily chart, the MACD indicator is growing in a positive area and forms a buy signal. The oscillator rises in the positive area and strengthens the buy signal.

5 October 2022
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