#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.
Read More - Current Price
- $29.49
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 20 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $41.46 (40.6% Upside)
