"Pinterest Stock: Navigating Q4 Earnings and Intense Ad Dollar Competition"

1 min read
Source: Benzinga
"Pinterest Stock: Navigating Q4 Earnings and Intense Ad Dollar Competition"
Photo: Benzinga
TL;DR Summary

Pinterest is set to release its Q4 earnings, with analysts estimating earnings per share of 51 cents on revenues of $989.53 million. The stock has been in an uptrend since the last earnings report and is currently showing a possible bull flag pattern, indicating potential for a 12% rise if it breaks out. Analysts have raised the price target for Pinterest, suggesting a 17% upside. Traders bullish on Pinterest may consider diversifying with the AXS 2X Innovation ETF, while bearish traders may look into the AXS Short Innovation Daily ETF.

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