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☆ Top tech analyst Mark Mahaney adds this social stock to his list of top picks
▼ + stars: | 2023-08-17 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

The widely followed analyst named the social media stock his favorite name within the firm's internet small/mid-caps universe. Mahaney pointed to the company's partnership with Amazon as a potential driver of advertising growth, and said Pinterest also had opportunities to further monetize its platform. "It appears that the Amazon partnership is progressing faster than expected, and we believe this can bring materially incremental advertiser demand to the Pinterest platform," Mahaney said. "Unlike some other Online Advertisers whose tools are communication-based or consumption-based, we believe Pinterest's primary use cases (inspiration, discovery, action) may face relatively less competition," Mahaney said. Pinterest stock has climbed 10% in 2023.

Persons: Evercore, Mark Mahaney, Mahaney, Pinterest, Bill Ready's, Bill Ready, Michael Bloom Organizations: Amazon

☆ Google and Meta are creating so much new ad inventory, it's causing big price drops. Here's how much ads cost across the Big Tech giants.
▼ + stars: | 2023-08-04 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +6 min

Ad prices declined in the second quarter as new formats like Reels and Shorts rolled out. After some rough quarters, Google's and Meta's ad businesses are on the rebound , and they're creating so much short-form video ad inventory that the surge in supply is driving ad prices down. "Anytime you've got an influx of newer ad inventory, typically that inventory does come with lower ad pricing," he said. And Instagram Reels ad inventory is both plentiful and 39% cheaper than Instagram Feed ads, according to Tinuiti. Meta also added more ads to its Marketplace on Facebook, which dropped Facebook ad prices by 25%, Taylor said.

Persons: Shawndu Stackhouse, Tom Williams, Andy Taylor, Pacvue, Taylor, Tinuiti's Taylor, Mike Ryan, Meta, TikTok TikTok Organizations: Inc, Getty, Tinuiti, Brands, Google, Anadolu Agency, Meta, Facebook, CPM Locations: Google's, Northeast Washington, lockstep

☆ Stocks making the biggest moves midday: SolarEdge Technologies, Humana, Starbucks, Robinhood and more
▼ + stars: | 2023-08-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

SolarEdge Technologies — The solar stock tumbled about 19% after the company reported $991 million in revenue, missing analysts' estimates of $992 million, according to Refinitiv. CVS Health — The retail pharmacy stock gained 4% during midday trading Wednesday after the company posted strong earnings and revenue for the second quarter. The company reported adjusted earnings per share of $1.29, topping the $1.10 expected from analysts polled by StreetAccount. Starbucks' adjusted earnings per share for the fiscal third quarter was $1, versus the 95 cents expected by analysts, per Refinitiv. Chinese tech stocks — Shares of Chinese technology stocks dropped after regulators in China proposed limits on smartphone use for minors.

Persons: SolarEdge, Norwegian's, Emerson Electric's, Pinterest, Generac, Freshworks, Genuity, Robinhood, CNBC's Hakyung Kim, Pia Singh, Alex Harring Organizations: SolarEdge Technologies, CVS Health, CVS, Wall Street, Cruise, Susquehanna, Emerson, StreetAccount, Revenue, Wall, FactSet's, Starbucks, Bank of America, JPMorgan, Scotts Miracle, Gro, Scotts, JD.com, Baidu, Tencent Locations: Refinitiv, China

☆ Pinterest's Amazon partnership will help the shopping experience, says Greycroft's Kamran Ansari
▼ + stars: | 2023-08-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPinterest's Amazon partnership will help the shopping experience, says Greycroft's Kamran AnsariKamran Ansari, Greycroft principal and venture partner, joins 'Squawk Box' to discuss social media's earnings so far, the challenges facing Pinterest after reporting better than expected Q2 results but expenses growing faster than revenue, and more.

Persons: Greycroft's Kamran Ansari Kamran Ansari

☆ Pinterest delivers revenue beat on digital ad market rebound
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/IllustrationAug 1 (Reuters) - Image-sharing platform Pinterest (PINS.N) beat second-quarter revenue estimates on Tuesday as monthly active users surged and digital advertising rebounded from a downturn triggered by an uncertain economy. Pinterest's revenue for the quarter ended June 30 grew 6% to $708 million, compared with market estimates of $696.1 million, according to Refinitiv data. Global monthly active users (MAUs) on the platform rose 8% to 465 million from a year ago, above estimates of 462.8 million. Pinterest earned a quarterly adjusted profit of 21 cents per share, compared with 11 cents a year ago.

Persons: Dado Ruvic, Pinterest, Jaspreet Singh, Devika Organizations: REUTERS, Tech, Meta, Global, Thomson Locations: Bengaluru

☆ Pinterest earnings will reflect its Amazon partnership, says Payne Capital's Courtney Garcia
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPinterest earnings will reflect its Amazon partnership, says Payne Capital's Courtney GarciaCourtney Garcia, senior wealth advisor at Payne Capital Management, joins 'The Exchange' to discuss analyst expectations for Starbucks' earnings, Pinterest's room for international growth, and a potential pullback in AMD.

Persons: Payne Capital's Courtney Garcia Courtney Garcia Organizations: Payne Capital Management, Starbucks, AMD

☆ This social media stock can rally 40% as ad spending improves, Evercore ISI says
▼ + stars: | 2023-07-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Mark Mahaney upgraded the visual discovery platform to outperform from in line and raised his price target by $11 to $41. Mahaney's new price target implies the stock could rally 40.7% over the next year. The result: "Generating very high double digit EBITDA growth (e.g. He also called current valuation reasonable, at 27 times and 21 times enterprise value-to-EBITDA for 2024 and 2025, respectively. The $41 price target is based on a 30-times EBITDA at $833 million in 2025.

Persons: Mark Mahaney, Bill Ready, Mahaney, — CNBC's Michael Bloom Organizations: Mahaney, Amazon

☆ Wells Fargo upgrades Pinterest, says Amazon partnership will drive shares higher
▼ + stars: | 2023-06-28 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

It's time to buy Pinterest shares, according to Wells Fargo. Gawrelski noted the Amazon partnership is expected to take hold in October. However, the downside risk to Wells' price forecast is a delay in implementing the Amazon deal or a slowdown in user engagement, he said. Pinterest shares have lagged the broader market this year, rising just 8.7%, while the S & P 500 is up 14%. PINS YTD mountain Pinterest stock has climbed 8.7% in 2023 — CNBC's Michael Bloom contributed to this report.

Persons: Wells, Ken Gawrelski, Gawrelski, Pinterest, —, Michael Bloom Organizations: Amazon Locations: Wells Fargo

☆ Pinterest, Snap tumble 18% as outlooks disappoint investors
▼ + stars: | 2023-04-28 | by ( Noel Randewich | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/IllustrationApril 28 (Reuters) - Pinterest Inc (PINS.N) and Snap Inc's (SNAP.N) stocks tumbled about 18% each on Friday after the two social media companies' quarterly reports spooked investors worried about weak digital ad spending. It warned results in the next quarter could fall below Wall Street's targets. At least 12 analysts cut their price targets for Snap, while Pinterest saw at least seven price target cuts on its stock. Shares of Meta Platforms have surged 13% since Wednesday, when the owner of Facebook and Instagram forecast quarterly revenue well above analyst expectations. Also on Wednesday Google-owner Alphabet's quarterly results showed ad sales held up better than expected.

☆ Stocks making the biggest moves premarket: Snap, Intel, First Solar, Exxon Mobil & more
▼ + stars: | 2023-04-28 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

That overshadowed a revenue beat for the first quarter. The company beat on adjusted earnings per share with $1.58 against a StreetAccount estimated $1.52. Exxon Mobil's adjusted earnings per share came in at $2.83, topping analysts' estimates of $2.59, per Refinitiv. The oil major's adjusted earnings per share was $3.55 versus the $3.41 expected by analysts polled by Refinitiv. The company reported 40 cents per share adjusted on $548.29 million in revenue, while a StreetAccount estimate called for 99 cents per share.

☆ Stocks making the biggest moves midday: First Republic, Snap, Amazon, Intel and more
▼ + stars: | 2023-04-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Snap — The Snapchat parent company cratered about 18% after missing revenue expectations for the recent quarter. Intel — Intel shares rose more than 4% even after the company reported its largest quarterly loss on record and a 133% reduction year over year. Colgate-Palmolive — The consumer giant saw its stock rally 4% after the company reported quarterly earnings and revenue that topped expectations. The company reported 98 cents in earnings per share, above the 89 cents expected by analysts polled by Refinitiv. Newell Brands — Shares gained 2% even after the consumer goods company reported a wider-than-expected loss.

☆ Pinterest's guidance is disappointing, but its Amazon partnership shows promise, analysts say
▼ + stars: | 2023-04-28 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Wall Street analysts were mixed on Pinterest after its latest earnings results, saying the near-term outlook appears murky, though an Amazon partnership seems promising. While the image-sharing company beat expectations on the top and bottom lines in its first quarter, it issued second-quarter revenue growth expectations that were disappointing. Along with its results Thursday, Pinterest said Amazon will be its first partner for third-party ads. Bank of America's Justin Post reiterated a neutral rating, calling Pinterest a "near-term disappointment, long-term opportunity." Meanwhile, Goldman Sachs' Eric Sheridan maintained a buy rating, saying the engagement trends are pointing in the right direction.

☆ Alphabet, Meta lure back advertisers as smaller rivals expected to struggle
▼ + stars: | 2023-04-27 | by ( Sheila Dang | ) www.reuters.com time to read: +3 min

This year, though, the social media ad market is expected to grow at a slightly faster pace than in 2022, according to a report last month from media and intelligence firm MAGNA. "Advertisers are simply going back to platforms they know, like and trust," said Brian Mulberry, a portfolio manager at Zacks Investment Management. The social media advertising market overall is expected to grow 6% this year to $66 billion, according to MAGNA. Last year, the social media ad market grew 2% in part because privacy updates by Apple Inc (AAPL.O) made it more difficult for advertisers to gather user data to serve targeted ads. Digital pinboard company Pinterest is expected to post a 3% year-over-year rise in quarterly revenue on Thursday, according to Refinitiv data.

☆ Pinterest's ad woes hurt revenue growth, shares slump
▼ + stars: | 2023-04-27 | by ( Vansh Agarwal | ) www.reuters.com time to read: +2 min

While Pinterest said that the ad market was stabilizing, it warned the market was still uncertain. Shares of peer Snap Inc (SNAP.N) fell about 18% aftermarket on weak first-quarter revenue and the company warned it could miss estimates for the second as well. Analysts on average had expected $592.99 million, according to Refinitiv data. Pinterest said it expected revenue growth in the current quarter to be in line with revenue growth in the first quarter and the fourth quarter of 2022. Fourth quarter revenue grew 4%.

Raymond James is bullish on Pinterest , saying that the social media company is on path toward steady long-term growth. It set its price target at $33 price target per share, which implies 20.7% upside from Wednesday's close price. Kessler said Pinterest's high-intent audience can help the company outperform other digital advertising platforms during a macro slowdown. "We expect double-digit long-term revenue growth driven by continued product improvements for both Pinners and advertisers, increasing focus on Shopping/eCommerce, video, and international," Kessler said. Shares of Pinterest were up less than 0.1% Thursday before the bell after falling by 2.3% during the prior trading session.

☆ Here are Thursday's biggest analyst calls: Netflix, Apple, Amazon, Microsoft, FedEx, Pinterest & more
▼ + stars: | 2023-04-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Raymond James upgrades FedEx to outperform from market perform Raymond James said and "undeniable" positive change is underway at the shipping giant. "We are initiating coverage of XPO, one of the largest less-than-truckload (LTL) carriers, in North America, with an Outperform rating and a $44 target price." "We are initiating coverage of Skyworks Solutions, with a Buy rating and $150 target price. Raymond James upgrades Wells Fargo to strong buy from outperform Raymond James said the banking giant is well positioned in the current environment. Raymond James initiates Pinterest as outperform Raymond James said it sees "steady user growth" for Pinterest.

☆ UBS says this social media stock can rally more than 25% on plans to improve advertising
▼ + stars: | 2023-03-27 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Pinterest could see big gains ahead as new leadership pushes the e-commerce platform to unlock untapped advertising opportunities, according to UBS. Analyst Lloyd Walmsley upgraded the stock to buy from neutral. Walmsley said Pinterest's partner monetization strategy began showing "rapid improvement" in the international space. The company has also seen an increase in ad loads stemming from improved ad density and relevance. Still, he said the company could benefit from a large global partner to help, while smaller local partners can provide additional support.

☆ See inside a few of the coolest offices in North America, where frozen yogurt is served out of Airstreams and conference rooms have holograms. Should your office be on the list? Let us know.
▼ + stars: | 2023-03-27 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +2 min

Office use on average is around 50% of prepandemic levels in major cities like New York. Employers are responding with amped up perks and spaces that allow for hybrid work. From an Airstream trailer serving frozen yogurt to fort-like meeting rooms, see a few office perks. Take a peek at a few of the offices that are pulling ahead of the pack. If your office opened after 2020 and you think it should be on this list, email reporter Jordan Pandy at jpandy@insider.com.

☆ Goldman Sachs likes Pinterest even after Q4 revenue miss, says long-term catalysts still in place
▼ + stars: | 2023-02-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The company's long-term revenue outlook is also promising for investors, according to the analyst. The analyst also noted that management's "focus on reprioritizing investments" could help Pinterest grow margins and long-term profitability. Sheridan maintained his price target of $30 per share on Pinterest, implying a 9.2% upside from the stock's closing price of $27.48 as of Monday. He reiterated his neutral rating on Pinterest shares and issued a price target of $26 per share, implying downside of 5.4%. JPMorgan lowered its price target to $27 from $28 and maintained its neutral rating for the stock.

☆ Arete: Retail ads are still performing well on social media sites and in search, as brands tend to pull back in a recessionary environment
▼ + stars: | 2023-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArete: Retail ads are still performing well on social media sites and in search, as brands tend to pull back in a recessionary environmentRocco Strauss of Arete Research discusses Pinterest's latest results, and why he prefers the big dog in the social media and online ad market in Alphabet.

☆ Pinterest shares plunge as much as 12% on fourth-quarter revenue miss and weak forecast
▼ + stars: | 2023-02-06 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

Pinterest shares sank as much as 12% after the company reported revenue that missed analyst expectations and issued a light forecast for the first quarter. Pinterest recorded net income of $17 million in the fourth quarter, but logged a net loss of $96 million for 2022. Its average revenue per user, or ARPU, for the U.S. and Canada region rose 6% in the fourth quarter to $7.60 from a year ago. Additionally, revenue in Alphabet's YouTube unit sank 8% year-over-year to $7.96 billion in the fourth quarter. Snap said its sales in the fourth quarter was slightly up year-over-year to $1.30 billion, which missed analyst expectations of $1.31 billion.

☆ Salesforce employees fear deeper cuts now that a second activist investor has a stake. Elliott, the world's most feared hedge fund, has confirmed it wants changes.
▼ + stars: | 2023-01-23 | by ( Ashley Stewart | Ellen Thomas | ) www.businessinsider.com time to read: +3 min

Feared activist investor Elliott Management now has a multibillion-dollar position in Salesforce. This is the company's second activist investor after Starboard Value disclosed a significant stake in October. Elliott Management — the world's most feared activist investor — now has a multibillion-dollar position in Salesforce, according to a person with direct knowledge of the matter, and some employees worry Elliott's attention could lead to further layoffs. Elliott is Salesforce's second activist investor after Starboard Value disclosed a significant stake in Salesforce in October. Activist investor firms such as Elliott "are tough," another said.

☆ Stocks making the biggest moves premarket: Campbell Soup, Pinterest, Toll Brothers and others
▼ + stars: | 2022-12-07 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Campbell Soup (CPB) – Campbell Soup beat estimates by 14 cents with adjusted quarterly earnings of $1.02 per share. Pinterest (PINS) – Pinterest rose 1.2% in premarket trading after an official from activist investor Elliott Management was added to the image-sharing website operator's board of directors. Carvana tumbled 18.2% in premarket trading. Dave & Buster's (PLAY) – Dave & Buster's shares slid 3.9% in premarket action even though its quarterly profit matched analyst estimates. Airbnb (ABNB) – Airbnb fell 3.8% in premarket trading after Morgan Stanley downgraded the stock to underweight from equal-weight.

☆ Pinterest reaches deal with activist Elliott; Steinberg to join board
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Dec 6 (Reuters) - Pinterest on Tuesday said it reached a deal with Elliott Management, the activist investment firm that has offered up ideas on how to improve operations at the image sharing and social media service company. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a managing partner at Elliott, and others at the firm bring. Pinterest's stock climbed 2.5% in after hours trading on the news that Elliott, one of the company's biggest investors, was joining the board. Elliott, one of the world's busiest activist investing firms, has extensive experience in the tech and social media sector as Cohn held board seats at Twitter and eBay (EBAY.O) and worked closely with Steinberg on those investments.

☆ Influencers Reveal What Pinterest Was Paying Them for Short Videos
▼ + stars: | 2022-12-02 | by ( Amanda Perelli | Marta Biino | ) www.businessinsider.com time to read: +4 min

Pinterest is ending its paid, invitation-only beta program that rewarded creators for short videos. Pinterest is ending its paid, invitation-only beta program that rewarded creators for engagement on short videos. The Information first reported that Pinterest would be ending the test program and would shift to developing other paid features for Pinterest creators. As part of the program, Pinterest rewarded creators monthly for completing specific posting goals related to the platform's short-video feature called Idea Pins. Example of Pinterest Creator Rewards goals in April (left) and in May (right).

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