JUMP REPORT
| Avg Daily Volume: 10,078,366 Market Cap: 12.3B Sector: None Short Interest: None |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .08/share REV: 371.73/M
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LAST QTR: EPS: -.04/share ACTUAL: .01/share (BEAT)
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NEXT QTR: EPS: -.07/share REV: 277.3/M
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FULL YR: EPS: .-.09/share REV: 1,110/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 67% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -25.57, 24.41, -16.72
EXPECTED JUMP MOVE: 15 + %
Links To Latest News and Headlines
Pinterest likely will keep on attracting users and increasing its revenue even if search traffic weakens, J.P. Morgan says. Analyst Doug Anmuth upgraded shares of the photo sharing platform to Overweight from Neutral and increased his target for the price to $40 from $35 on Tuesday. Anmuth wrote in a research note on Tuesday that he believes Pinterest has done a good job at working towards goals the company laid out for investors in 2023.
Shares of social commerce platform Pinterest (NYSE: PINS) jumped 5% in the morning session after JP Morgan upgraded the stock rating from Neutral to Buy and raised the price target from $35 to $40. The firm cited “progress in adding users and improving monetization.”
Hims & Hers Health (HIMS) will be acquiring European telehealth platform Zava in an all-cash deal. Joby Aviation (JOBY) is exploring an agreement to sell up to 200 of its air taxis to a Saudi Arabian investor. Also watch Yahoo Finance’s interview with Joby Aviation CEO JoeBen Bevirt from October 2024. JPMorgan analysts upgraded Pinterest (PINS) shares to Overweight. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
Investing.com — JP Morgan upgraded Pinterest Inc (NYSE:PINS) to Overweight from Neutral and raised its price target to $40 from $35, citing improved user engagement, monetization gains, and an undemanding valuation.
Pinterest shares rose in premarket trading Tuesday after JPMorgan analysts upgraded their rating and lifted their price target on the social media stock.
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