PINS stock is up 3.4% as of Wednesday morning and up 15.3% year-to-date ( YTD) as of yesterday’s close. For the record, the stock’s daily average trading volume is about 11.6 million shares. Only about 170,000 shares have changed hands as of this writing. That could result in a strong performance for the company during the holiday season and in the months following.Īs far as stock movement goes this morning, PINS shares aren’t seeing much. You can, of course, implement your own authentication using query parameters / HTTP headers or any other method. To go along with that, the analysts believe that the partnership will also result in a step-function increase in revenue for Pinterest. The standard method to pass basic authentication to web servers is to use a url of the form: Web servers do not expect basic authentication in the query parameters. They expect this agreement to boost engagement rates on the website while also improving ad revenue. Wells Fargo analysts are bullish on PINS stock due to the company’s partnership with Amazon (NASDAQ: AMZN). It’s also bullish next to the analyst consensus price target of $28.40 per share. That represents a potential 28.8% upside from its prior closing price. To go along with that upgrade, Wells Fargo also increased its price target for PINS from $23 per share to $34. Click at the top-right of the screen to open your menu Click Log out If you are not sure whether you already have a Pinterest account or not, you can create one by following the steps in this article.
For comparison, the analyst consensus rating for PINS is a “hold” rating based on 22 opinions. Click Log in If you are having trouble logging in, read this article to find what best matches your experience. This upgrade has the Wells Fargo analyst upgrading shares of PINS stock from an “equal weight” rating to an “overweight” rating. Pinterest (NYSE: PINS) stock is on the rise Wednesday after the social media company’s stock was upgraded by analysts at Wells Fargo.
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