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PINS

Pinterest

$24.46

(0.00%)

13:04
04/20/19
04/20
13:04
04/20/19
13:04

Pinterest stock is hot after IPO, investors should keep cool, Barron's says

Pinterest priced its IPO at $19 per share, above the expected range of $15-$17, and the stock opened up 25% from the offering price, and all the enthusiasm is good news for the company, Al Root writes in this week's edition of Barron's. The 25% surge is a strong return, but investors should beware of the headline "IPO soars in its debut" because it is actually the investors making that headline possible, he notes, adding that it "just seems prudent" to wait. Reference Link

  • 18

    Apr

PINS Pinterest
$24.46

(0.00%)

04/09/19
ATLE
04/09/19
INITIATION
Target $23
ATLE
Overweight
Atlantic bullish on Pinterest pre-IPO, calls valuation 'not challenging'
Atlantic Equities analyst James Cordwell earlier today initiated coverage of upcoming initial public offering Pinterest (PINS) with an Overweight rating and $23 price target. The company's 75M share IPO is expected to price between $15 and $17 per share. Pinterest's "unique and broadly appealing" proposition, which offers consumers the ability to view and collate visual recommendations, will enable "ongoing robust" user growth, Cordwell told investors in a research note. Further, the analyst expects "significant" monetization upside due to Pinterest's higher purchasing intent of the user base along with a lower current average revenue per user than other advertising-supported platform. Pinterest offers an attractive way to "diversify online advertising exposure" with non-GAAP profitability coming this year 2019 and a "not challenging" valuation, contends Cordwell.
04/15/19
DADA
04/15/19
INITIATION
DADA
Neutral
Pinterest initiated with a Neutral at DA Davidson
04/15/19
DADA
04/15/19
INITIATION
Target $16
DADA
Neutral
Pinterest initiated with a Neutral at DA Davidson
DA Davidson analyst Tom Forte initiated Pinterest with a Neutral rating and a price target of $16. The analyst says the company offers consumers an "impressive visual-based discovery platform for merchandise" and advertisers "a large and growing global base of consumers with purchase intent" - a combination that he believes will "translate into long-term sales and profitability growth." However, Forte also sees the valuation for Pinterest already reflecting his favorable view of the company's growth prospects. The analyst adds that the potential catalysts for Pinterest stock to trade higher in the next 12 months include "product improvements for advertisers, efforts to drive international usage and monetization, and expansion into new content verticals."
04/15/19
04/15/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Pinterest (PINS) initiated with a Neutral at DA Davidson. 2. Five Below (FIVE) initiated with a Buy at BofA/Merrill. 3. Levi Strauss (LEVI) initiated with an Outperform at Telsey Advisory, an Overweight at JPMorgan, a Buy at Citi and Guggenheim, an Equal Weight at Morgan Stanley, and a Neutral at Goldman Sachs and BofA/Merrill. 4. Tocagen (TOCA) initiated with a Market Perform at SVB Leerink. 5. Alcon (ALC) initiated with a Buy at Jefferies, while Allergan (AGN) was initiated with a Hold. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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