Pinterest Stock Has About 23% Upside, According to Wall Street. Here's Why That Forecast May Be Right.
Pinterest (NYSE: PINS) stock trades at about $35 per share. But according to Wall Street, it should trade closer to $43 per share, representing a nearly 23% upside today.
TipRanks is tracking 30 analysts who follow Pinterest stock. Each of these analysts has their own opinion about where the stock is going, and not all of them think it's a buy; some even forecast modest downside. But when averaging all the price targets out, the analyst community expects the roughly 23% aforementioned upside.
However, this consensus upside may be just the start of the upside for Pinterest stock. Let's look at the investment thesis for Pinterest stock. Then see what's happening right now to support an optimistic outlook.
Source Fool.com