Most analysts feel the social media company, which went public last month, is on the right track and said to use the pullback as an opportunity to buy the shares.
"The stock could remain volatile near term, but management laid out a compelling roadmap that should ensure ongoing strong revenue growth and a route to attractive profitability over the medium term," Atlantic Equities analyst James Cordwell said. Shares plunged 15% in premarket trading Friday to $25.79, still above the stock's $19 IPO price but just around its closing price on its first day of trading of $24.40."Overall, fundamentals are intact, and we view significant near-term weakness as an attractive buying opportunity," analyst Colin Sebastian said.
Analysts at UBS noted Pinterest is in a, "unique position," in its space and reiterated its confidence in the company's ability to execute over the long haul. "While its initial earnings report & forward commentary were roughly inline with Street estimates, we still see signs that PINS long-term narrative is solidly intact," wrote UBS analyst Eric Sheridan in his recap not to clients."Though the headline outlook may have missed the mark, we believe expectations have been broadly reset for the rest of the year and our view on the long-term drivers of the business remain intact ," Nomura analyst Mark Kelley said.
For how long? It’s not profitable and it hasn’t proven it will become profitable.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
‘Godfather’ of chart analysis says Wall Street shouldn’t bet on stock-market records anytime soonProminent market technician Ralph Acampora says Wall Street needs new highs for him to be confidently bullish about the outlook for the stock markets, after...
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »
Cisco stock rises as earnings, revenue forecast top Street estimates amid tariffsCisco Systems Inc.’s stock rises in the extended session Wednesday after the networking company reports quarterly results that top Wall Street estimates and...
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »
The trade war may be just getting started, but the market damage is already doneWall Street is increasingly concerned that this more about the 2020 election than U.S.-China trade. BobPisani 2% drop for crying out loud. BobPisani 😂 they are pulling up despite danger... it’s insane fo destroy all small traders...
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »
Wall Street analysts are sticking by these stocks hit hard by the trade warAnalysts are sticking by these buy rated stocks even in a trade war 🇺🇸It's with great pleasure that Democrats watch Trump absolutely hammering Republican states with his tariffs. Causing them massive economic strife, bankruptcies & permanently lost trade contracts. And then forcing Repub farmers to accept billions in socialist bailouts. MAGA!!
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »
Tech stocks power Wall Street's recovery from trade-led selloffU.S. stock indexes rebounded on Tuesday from one of their worst selloffs in 2019... Twitter driven rout lol That’s surprising. Given the amount of breaches lately I’m surprised they’re doing well now.
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »
European stocks outperform Wall Street as China trade row intensifiesSince U.S. President Donald Trump's tweets derailed U.S.-China trade talks ... Harvest🔻 of the Soldiers 🌄During the Week of the 27th of Sha‘ban Through 3rd of Ramadan 1440 HA NBADraftLottery BillsMafia
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »