What’s in the Cards for Pinterest’s Upcoming Q2 Earnings? – TipRanks

Pinterest has been struggling with user engagement ever since the pandemic-led restrictions eased. This, the treacherous economic conditions, and other key factors are making most Wall Street analysts want to remain on the sidelines, waiting for more good news from the company.

Ahead of visual discovery platform Pinterest’s (PINS) second-quarter 2022 results on August 1, Monness Crespi Hardt analyst Brian White reiterated a Hold rating on the stock. He cited intense competition, an inflationary economic environment roiled by concerns of a recession, and an unpredictably tense geopolitical environment as the headwinds that are blurring his outlook for the stock.

In fact, over the past three months, only six out of the 23 analysts covering Pinterest have given a Buy rating on the stock. The other 17 have reiterated their Hold ratings or have downgraded the stock to a Hold, giving the stock a Moderate Buy rating and an average price target of $24.70.

Pinterest: Decelerating Growth is…

Read Full Story: https://www.tipranks.com/news/article/whats-in-the-cards-for-pinterests-upcoming-q2-earnings/

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source: https://news.oneseocompany.com/2022/07/26/whats-in-the-cards-for-pinterests-upcoming-q2-earnings-tipranks_2022072624653.html

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