PINS Price Prediction Next Week
Based on the provided data and recent market developments, here's the analysis for Pinterest (PINS) for the next trading week:
Technical Analysis
- RSI-14 at 74.14 indicates overbought conditions
- MACD shows positive momentum with MACD (2.12) and Signal (1.58)
- Price is trading above all major moving averages (5,10,20,60,200-day)
- Bollinger Bands show price near upper band (44.08), suggesting extended price levels
Price Levels
- Fibonacci resistance levels: R1: $40.01, R2: $42.03, R3: $45.31
- Fibonacci support levels: S1: $33.44, S2: $31.42, S3: $28.13
- Pivot point: $36.72
Recent Developments
- Strong Q4 2024 performance with revenue reaching $1.15 billion
- AI integration boosting user engagement with 90% YoY increase in advertiser clicks
- Strategic partnerships with Amazon and Google showing positive results in monetization
- Elliott Investment Management maintains PINS as one of its top holdings
Price Forecast for Next Week Based on technical indicators and recent developments:
- Likely trading range: $37.50 - $41.20
- Most probable scenario: Initial pullback to $37.50-$38.00 due to overbought conditions, followed by continuation of uptrend
- Target price: $41.00
Trading Recommendation SELL at current levels ($38.87) with following strategy:
- Re-entry points: $37.50-$38.00
- Stop loss: $36.50
- Take profit: $41.00
Rationale:
- Overbought technical conditions suggest short-term correction
- Strong fundamental backdrop supports buying dips
- AI initiatives and strategic partnerships provide positive long-term outlook
PINS Similar Chart Price Prediction
The price of PINS is predicted to go up 33.33%, based on the high correlation periods with TSSI. The similarity of these two price pattern on the periods is 98.58%.
PINS
TSSI
Up: 33.33%Similarity: 98.58%
PINS Revenue Forecast
PINS EPS Forecast
PINS FAQs
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PINS VS S&P500
Pinterest users interact with ideas across a wide range of product categories, like home decor and fashion, providing an extremely attractive target audience for advertisers.
Pinterest can increase revenue per user as the platform integrates new shopping features, from live pricing to visual searches and direct purchasing.
Pinterest still has room to attract a wider base of users, potentially increasing the platform's appeal to advertisers.
PINS Analyst's Forecast
James Heaney
Jefferies
Strong Buy → Hold
2025-01-13
Price Target
$40 → $32
Upside
+5.23%
Jefferies downgraded Pinterest to Hold from Buy with a price target of $32, down from $40.
Aleksey Yefremov
Keybanc
Buy
2025-01-10
Price Target
$39 → $37
Upside
+20.68%
Thomas Champion
Piper Sandler
Buy → Hold
2024-12-10
Price Target
$41 → $36
Upside
+13.1%
