tl;dr
In a recent report, investment firm New Street Research highlighted the potential for Pinterest (PINS) to experience an increase in adjusted EBITDA due to "structural leverage" on sales expenses. Led by analyst Dan Salmon, the firm identified Pinterest as its new "smid cap" pick, suggesting that con...
In a recent report, investment firm New Street Research highlighted the potential for Pinterest (PINS) to experience an increase in adjusted EBITDA due to "structural leverage" on sales expenses. Led by analyst Dan Salmon, the firm identified Pinterest as its new "smid cap" pick, suggesting that conservative estimates for adjusted EBITDA in the fourth quarter of 2024 and 2028 may be surpassed. Specifically, the firm anticipates adjusted EBITDA figures of $358M for the fourth quarter, $910M for 2024, and $2.13B for 2028, all higher than previous estimates. The analysts also noted that Pinterest, along with other digital advertising entities, is benefiting from increased investment from Chinese apps, potentially leading to deeper retail partnerships. Additionally, the company has ongoing generative artificial intelligence projects that, while currently not a significant factor, are expected to enhance user experience over time. As a result, Pinterest shares experienced a marginal rise in premarket trading on Monday.
More about Pinterest Inc
Pinterest Inc. is a technology company that provides a visual discovery engine in the United States and internationally. With a market capitalization of $21.36 billion, the company has shown a negative EPS of -0.32 and a positive revenue of $4.373 billion. The stock has experienced a decrease of 0.0743 in its price, with a trading volume of 2,951,018,000. Currently, the stock is trading at $34.86, showing a decrease of 0.9. The market sentiment for Pinterest Inc. is slightly bullish, with a RSI of 0.115 indicating a potential upward movement in the stock price.
More about Amazon.com Inc
Amazon.com Inc. is a dominant player in the e-commerce and technology industry, with a market cap of over $1.5 trillion. The stock has shown strong performance, with a current price of $3,142.35 and a 1-year return of 76.83%. The company's revenue of $554.03 billion and EPS of 157.93 reflect its strong financial position. Market sentiment towards Amazon.com Inc. remains bullish, given its influential economic and cultural impact, as well as its position as one of the most valuable brands in the world. However, it's important to note that past performance is not always indicative of future results, and potential risks and uncertainties in the market should be carefully considered.
Disclaimer:
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