![]() ![]() Pinterest further expanded on this format in Q3 through the introduction of Takes and Pinterest TV. This format is focused on inspirational and actionable content rather than entertainment like most platforms. ![]() To this end, Pinterest introduced the Idea Pin as its "video-first native content format". This should drive increased engagement in the long term. Pinners engaging with shopping surfaces increased 20% QoQ and 60% YoY and Pinterest entered seven new markets.Īdditionally, like other platforms such as Meta Platforms ( FB) Instagram, Pinterest’s newest investment is in video and a creator ecosystem around this media type. ![]() Last year, this expanded towards Pinterest partnering with Shopify ( SHOP ), and currently, Pinterest is starting to make the full shopping experience possible on-platform through seamless checkout. This started with product catalog uploads. Indeed, some have called this social commerce, and Pinterest has been investing for many quarters in making its platform shoppable. As it turns out, Pinterest’s use cases align quite well with shopping and e-commerce. ![]() Simple enough, but for Pinterest, this is only the beginning. Like other social media peers, Pinterest then monetizes its users through ads. Pinterest is a social media company that has core use-case that allows its users to browse and save inspirational images. However, Pinterest is still quite early in the monetization of its platform, which could continue to propel growth for many years. Pinterest has seen further downside pressure due to the general anti-growth market sell-off lately, in the wake of the failed PayPal ( PYPL ) acquisition. Pinterest ( NYSE: PINS) stock has been beaten down ever since the MAU trend began to reverse to the downside, which has spooked investors. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.5./15 WEST/iStock Unreleased via Getty Images Investment Thesis MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to. Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Snap Stock Snaps Back on Prospects for a TikTok Ban.Watch Out for Inflation Deceleration If You Own These Stocks.Crocs May be a Comfortable Fit for Growth-Oriented Investors.Can SVB Collapse Cause Credit Downgrades at Etsy?.SVB: The First Crack In The Economy, Pressure Building.ZIM Integrated Shipping Services: Up 15% But Don’t Chase It.Buy The Dip In The Charles Schwab Corporation.These Hedge Funds Are Getting Crushed By SVB.First Republic: First Rate Risk or Time To Buy?.NVIDIA Stock Confirms Reversal Headed Higher?.Has Rivian Stock Reached a Buyable Bottom?.Rocket Lab Stock Could Go to the Moon, Patience Required.The Trader's Guide to Equities Research. ![]()
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