Pinterest stock (NYSE: PINS) is trading at the $38 level and has generated nearly 21% in profits in the last 30 days. It is among the top-performing assets in the US stock market but experienced a correction in the charts last week. It dipped close to 4% since last week but continues to attract investments into its fold.
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The pin-board style photo-sharing website is more popular among youngsters who indulge in a dreamy approach to everyday things. From sharing detailed pictures of dining tables to fashion accessories, and delectable food, the app is a go-to space for do-it-yourself (DIY) themed events. Therefore, Pinterest is not the usual social media app for banter but comes with use cases, making its stock look promising.
Pinterest Stock: Should You Invest in PINS?
Leading stock market price prediction firm TipRanks has painted a positive picture for Pinterest. According to the price prediction, PINS could hit a high of $55 in the last 12 months. That’s an uptick and return on investment (ROI) of approximately 45% from its current price of $38. An investment of $1,000 could turn $1,450 in 2026 if the forecast turns out to be accurate.
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Nonetheless, the firm also forecasts that the average trading price for Pinterest stock is $45. That’s another 20% from its current price and is considered decent profits in a year. Also, out of the 29 Wall Street analysts, 23 have given PINS a ‘buy’ call while six gave it a ‘hold’ call. The Wall Street analysts remain positive on PINS and predict that it generate returns in 2026.
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“Based on 29 Wall Street analysts offering 12-month price targets for Pinterest stock in the last 3 months, the average price target is $45.96 with a high forecast of $55.00 and a low forecast of $32.00. The average price target represents an 18.24% change from the last price of $38.87,” read the prediction.