#5 - Pinterest (NYSE:PINS)
The next social media stock on our list is Pinterest (NYSE:PINS). This may surprise some investors since PINS stock is down 22% in 2021. I’m not sure I understand why. The consensus opinion of analysts is that Pinterest stock has a 44% upside over the next 12 months. And as I look at the stock chart since October began, it looks like the rally may be underway.
When looking at Snap, I pointed out how I liked SNAP stock because of the attention Snap gets from the younger generation. I feel the same way about Pinterest. If I ask my daughters for a suggestion about anything, my phone explodes with links from their Pinterest account. While this isn’t a true fundamental analysis, it tells me that the platform has high engagement. And when you factor in that Pinterest has registered a profit in each of the last four quarters, there are many reasons to like the stock.
About Pinterest
Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.
More about Pinterest- Current Price
- $25.17
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 23 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $41.55 (65.1% Upside)
