S&P 500 Futures Rise in Premarket Trading; Penumbra, Pinterest Lag
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 31 2024
0mins
Should l Buy PINS?
Source: Barron's
Market Performance: Talen Energy Corp. and Vistra Corp. saw significant pre-market gains of 16.4% and 12.3%, respectively, while Penumbra Inc. and Pinterest Inc. experienced declines of 18.6% and 11.1%. S&P 500 futures rose by 0.95%, indicating a positive outlook for the U.S. stock market opening.
Global Market Trends: Asian stocks showed upward movement with Japan's NIKKEI 225 Index up 1.49% and China's Shanghai Composite Index rising 2.06%. European markets also reflected gains, with the STOXX Europe 600 Index climbing 0.85% and the FTSE 100 Index increasing by 1.25%.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy PINS?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on PINS
Wall Street analysts forecast PINS stock price to rise
17 Analyst Rating
14 Buy
3 Hold
0 Sell
Strong Buy
Current: 18.090
Low
24.90
Averages
35.46
High
44.00
Current: 18.090
Low
24.90
Averages
35.46
High
44.00
About PINS
Pinterest, Inc. (Pinterest) offers visual search and discovery platform. The Company’s primary service, Pinterest, can be accessed through its mobile application or the Web. People use Pinterest to find ideas. As they browse Pinterest content, Pins, they fine-tune their tastes and find the idea. Users interact with the platform in multi-session journeys to find inspiration, curate their latest look, plan their next project and shop from brands. It has approximately 553 million monthly active users across the world. Content on Pinterest comes from a variety of sources, including retailers, brands, creators, publishers and users. It acquires that content via a range of methods, including product catalog uploads, direct publishing, and user curation. Content formats include images that allow the user to click into an idea to learn more, videos that provide the steps of an idea, and products that brands and merchants upload from catalogs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Shopify and AppLovin's Market Value Outlook Over Five Years
- Shopify's Market Potential: Currently valued at $172 billion, Shopify must increase by 110% to reach $361 billion in five years, implying an annual return of about 16%, which would significantly enhance shareholder value and reflect its strong growth potential in the e-commerce sector.
- AI-Driven Innovations: Shopify's collaboration with Google on the Universal Commerce Protocol has led to a 15-fold surge in AI search orders, while its AI assistant, Sidekick, generated 4,000 applications and created 29,000 automations in just three weeks, showcasing rapid innovation in AI capabilities.
- AppLovin's Advertising Edge: AppLovin, focusing on ad tech, reported a 70% increase in advertising revenue to $5.4 billion and a 116% rise in net income to $3.4 billion in 2025, indicating strong performance and profitability in the advertising market.
- Future Growth Expectations: With Wall Street projecting a 44% annual earnings growth for AppLovin over the next five years, even at a conservative 30% growth rate, its market value could reach $365 billion, highlighting its competitive advantage and market appeal in the ad tech sector.
See More
Shopify and AppLovin Could Surpass Palantir's Market Value
- Shopify Financial Growth: In 2025, Shopify's sales surged by 30% to $11.5 billion, while operating income rose by 37% to $1.5 billion, demonstrating strong performance in market share expansion and solidifying its leadership in the e-commerce sector.
- AI Feature Enhancement: Shopify's collaboration with Google on the Universal Commerce Protocol has led to a 15-fold increase in AI search orders, and its AI assistant, Sidekick, generated approximately 4,000 applications and created over 29,000 automations in just three weeks, showcasing its potential in enhancing operational efficiency and customer experience.
- AppLovin Advertising Revenue: In 2025, AppLovin's advertising revenue increased by 70% to $5.4 billion, with net income rising by 116% to $3.4 billion, indicating robust growth and competitive strength in the ad tech sector.
- Market Expectations: Analysts project annual earnings growth rates of 28% for Shopify and 44% for AppLovin, potentially driving their market values to $362 billion and $365 billion respectively within the next five years, highlighting their significant potential in an AI-driven market.
See More
UK Regulators Urge Stricter Child Safety Measures on Social Media
- Regulatory Call to Action: UK regulators Ofcom and the Information Commissioner's Office have written to social media platforms like YouTube and TikTok, demanding reports on child protection measures by April 30, highlighting that current self-declaration age verification methods are ineffective and fail to protect children adequately.
- Legislative Developments: Although UK lawmakers rejected a proposal for a blanket ban on social media for users under 16, the government has launched a consultation to gather opinions from parents and youth on social media use, indicating a growing concern for online child safety.
- International Trends: Following Australia's implementation of a comprehensive ban, several European countries, including Spain, France, and Denmark, are considering similar measures, reflecting a tightening global regulatory environment that could impact the operational strategies of tech companies.
- Technological Responses: Companies like Meta and TikTok are implementing AI and facial age estimation technologies to enhance age verification effectiveness, with Meta advocating for centralized age verification at the app store level to improve safety for teenage users.
See More
Discounted Tech Stocks to Buy Now
- Nvidia's Growth Potential: Nvidia (NVDA) trades at a forward P/E of 22, yet reported a 73% revenue growth last quarter and forecasts accelerating future revenue, indicating a strong market leadership position, making it a stock to consider buying as AI infrastructure spending remains robust.
- Pinterest's Transformation Opportunity: Pinterest (PINS) achieved 14% revenue growth and 30% adjusted EPS growth despite challenges from reduced ad spending, with a forward P/E of just under 13, and backed by Elliott Investment Management, it shows potential for recovery in an improving ad environment.
- Salesforce's Market Positioning: Salesforce (CRM) trades at a forward P/E of over 15 and a forward P/S ratio of 4, projecting double-digit revenue growth through 2030, leveraging its CRM foundation and ambition to lead in AI, making it a compelling investment opportunity.
- AI-Driven Business Transformation: All three companies are leveraging AI for business transformation, with Nvidia enhancing its inference market position through the acquisition of Groq, Pinterest evolving into a shopping discovery platform, and Salesforce improving data management capabilities via Informatica acquisition, showcasing competitive advantages for future markets.
See More
Pinterest Gains Confidence from Elliott Investment Management's $1 Billion Stake Increase
- Investor Confidence Boost: Elliott Investment Management, led by billionaire Paul Singer, announced a $1 billion increase in its stake in Pinterest through convertible senior notes, reflecting strong confidence in the company's future prospects.
- Share Repurchase Plan: Pinterest will utilize Elliott's investment to execute an accelerated share repurchase (ASR) of $1 billion worth of shares, alongside an additional $500 million buyback under a trading plan, raising the total repurchase authorization to $3.5 billion.
- AI Technology Integration: Under CEO Bill Ready's leadership, Pinterest is actively leveraging artificial intelligence to enhance platform functionality, introducing multimodal search and personalized curation, which significantly improves user shopping experiences and drives revenue growth.
- Market Performance Analysis: Despite struggling stock performance with a market cap of approximately $13 billion, Pinterest has achieved a 14% revenue growth in international markets, and its forward P/E ratio is projected to be below 10 times, indicating strong investment potential.
See More
Billionaire Paul Singer Invests Additional $1 Billion in Pinterest
- Confidence Boost: Billionaire Paul Singer, through Elliott Investment Management, announced an additional $1 billion investment in Pinterest, reflecting strong confidence in the company's growth potential, especially given its currently attractive stock price.
- Share Repurchase Plan: Pinterest will utilize the $1 billion in convertible senior notes from Elliott for an accelerated share repurchase (ASR), alongside an additional $500 million buyback under a trading plan, raising total repurchase authorization to $3.5 billion to enhance shareholder value.
- Financial Metrics: Elliott's convertible notes will convert at $22.72 per share, a 30% premium to the stock price prior to the announcement, and will yield 1.75% annual interest, maturing in 2031, providing Pinterest with financial support to strengthen its market competitiveness.
- AI Strategic Transformation: Under CEO Bill Ready's leadership, Pinterest is actively integrating artificial intelligence to enhance platform functionality and drive online shopping experiences, achieving a 14% revenue growth in Q4 despite market challenges, indicating its potential in international markets.
See More
Shopify and AppLovin's Market Value Outlook Over Five Years
- Shopify's Market Potential: Currently valued at $172 billion, Shopify must increase by 110% to reach $361 billion in five years, implying an annual return of about 16%, which would significantly enhance shareholder value and reflect its strong growth potential in the e-commerce sector.
- AI-Driven Innovations: Shopify's collaboration with Google on the Universal Commerce Protocol has led to a 15-fold surge in AI search orders, while its AI assistant, Sidekick, generated 4,000 applications and created 29,000 automations in just three weeks, showcasing rapid innovation in AI capabilities.
- AppLovin's Advertising Edge: AppLovin, focusing on ad tech, reported a 70% increase in advertising revenue to $5.4 billion and a 116% rise in net income to $3.4 billion in 2025, indicating strong performance and profitability in the advertising market.
- Future Growth Expectations: With Wall Street projecting a 44% annual earnings growth for AppLovin over the next five years, even at a conservative 30% growth rate, its market value could reach $365 billion, highlighting its competitive advantage and market appeal in the ad tech sector.
See More
Shopify and AppLovin Could Surpass Palantir's Market Value
- Shopify Financial Growth: In 2025, Shopify's sales surged by 30% to $11.5 billion, while operating income rose by 37% to $1.5 billion, demonstrating strong performance in market share expansion and solidifying its leadership in the e-commerce sector.
- AI Feature Enhancement: Shopify's collaboration with Google on the Universal Commerce Protocol has led to a 15-fold increase in AI search orders, and its AI assistant, Sidekick, generated approximately 4,000 applications and created over 29,000 automations in just three weeks, showcasing its potential in enhancing operational efficiency and customer experience.
- AppLovin Advertising Revenue: In 2025, AppLovin's advertising revenue increased by 70% to $5.4 billion, with net income rising by 116% to $3.4 billion, indicating robust growth and competitive strength in the ad tech sector.
- Market Expectations: Analysts project annual earnings growth rates of 28% for Shopify and 44% for AppLovin, potentially driving their market values to $362 billion and $365 billion respectively within the next five years, highlighting their significant potential in an AI-driven market.
See More
UK Regulators Urge Stricter Child Safety Measures on Social Media
- Regulatory Call to Action: UK regulators Ofcom and the Information Commissioner's Office have written to social media platforms like YouTube and TikTok, demanding reports on child protection measures by April 30, highlighting that current self-declaration age verification methods are ineffective and fail to protect children adequately.
- Legislative Developments: Although UK lawmakers rejected a proposal for a blanket ban on social media for users under 16, the government has launched a consultation to gather opinions from parents and youth on social media use, indicating a growing concern for online child safety.
- International Trends: Following Australia's implementation of a comprehensive ban, several European countries, including Spain, France, and Denmark, are considering similar measures, reflecting a tightening global regulatory environment that could impact the operational strategies of tech companies.
- Technological Responses: Companies like Meta and TikTok are implementing AI and facial age estimation technologies to enhance age verification effectiveness, with Meta advocating for centralized age verification at the app store level to improve safety for teenage users.
See More
Discounted Tech Stocks to Buy Now
- Nvidia's Growth Potential: Nvidia (NVDA) trades at a forward P/E of 22, yet reported a 73% revenue growth last quarter and forecasts accelerating future revenue, indicating a strong market leadership position, making it a stock to consider buying as AI infrastructure spending remains robust.
- Pinterest's Transformation Opportunity: Pinterest (PINS) achieved 14% revenue growth and 30% adjusted EPS growth despite challenges from reduced ad spending, with a forward P/E of just under 13, and backed by Elliott Investment Management, it shows potential for recovery in an improving ad environment.
- Salesforce's Market Positioning: Salesforce (CRM) trades at a forward P/E of over 15 and a forward P/S ratio of 4, projecting double-digit revenue growth through 2030, leveraging its CRM foundation and ambition to lead in AI, making it a compelling investment opportunity.
- AI-Driven Business Transformation: All three companies are leveraging AI for business transformation, with Nvidia enhancing its inference market position through the acquisition of Groq, Pinterest evolving into a shopping discovery platform, and Salesforce improving data management capabilities via Informatica acquisition, showcasing competitive advantages for future markets.
See More
Pinterest Gains Confidence from Elliott Investment Management's $1 Billion Stake Increase
- Investor Confidence Boost: Elliott Investment Management, led by billionaire Paul Singer, announced a $1 billion increase in its stake in Pinterest through convertible senior notes, reflecting strong confidence in the company's future prospects.
- Share Repurchase Plan: Pinterest will utilize Elliott's investment to execute an accelerated share repurchase (ASR) of $1 billion worth of shares, alongside an additional $500 million buyback under a trading plan, raising the total repurchase authorization to $3.5 billion.
- AI Technology Integration: Under CEO Bill Ready's leadership, Pinterest is actively leveraging artificial intelligence to enhance platform functionality, introducing multimodal search and personalized curation, which significantly improves user shopping experiences and drives revenue growth.
- Market Performance Analysis: Despite struggling stock performance with a market cap of approximately $13 billion, Pinterest has achieved a 14% revenue growth in international markets, and its forward P/E ratio is projected to be below 10 times, indicating strong investment potential.
See More
Billionaire Paul Singer Invests Additional $1 Billion in Pinterest
- Confidence Boost: Billionaire Paul Singer, through Elliott Investment Management, announced an additional $1 billion investment in Pinterest, reflecting strong confidence in the company's growth potential, especially given its currently attractive stock price.
- Share Repurchase Plan: Pinterest will utilize the $1 billion in convertible senior notes from Elliott for an accelerated share repurchase (ASR), alongside an additional $500 million buyback under a trading plan, raising total repurchase authorization to $3.5 billion to enhance shareholder value.
- Financial Metrics: Elliott's convertible notes will convert at $22.72 per share, a 30% premium to the stock price prior to the announcement, and will yield 1.75% annual interest, maturing in 2031, providing Pinterest with financial support to strengthen its market competitiveness.
- AI Strategic Transformation: Under CEO Bill Ready's leadership, Pinterest is actively integrating artificial intelligence to enhance platform functionality and drive online shopping experiences, achieving a 14% revenue growth in Q4 despite market challenges, indicating its potential in international markets.
See More
