Pinterest (PINS, Financial) is experiencing a significant uptick in options trading, with a notable focus on call contracts. A substantial 23,666 call options have been exchanged, representing five times the usual volume. This heightened activity has pushed the implied volatility of the stock upward by nearly five points, reaching 83.28%.
Among the options seeing the most interest are the weekly 28.5 calls set to expire on April 25, and the May 25 puts. Combined, these options account for close to 27,100 contracts in trading volume, highlighting their popularity among investors.
The Put/Call Ratio, a measure used to gauge market sentiment, stands at 0.63, indicating a bullish outlook as calls outpace puts. This surge in bullish bets comes as Pinterest prepares to announce its earnings on May 8th, with traders potentially positioning themselves in anticipation of positive results.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 34 analysts, the average target price for Pinterest Inc (PINS, Financial) is $41.03 with a high estimate of $55.00 and a low estimate of $25.00. The average target implies an upside of 57.75% from the current price of $26.01. More detailed estimate data can be found on the Pinterest Inc (PINS) Forecast page.
Based on the consensus recommendation from 41 brokerage firms, Pinterest Inc's (PINS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Pinterest Inc (PINS, Financial) in one year is $40.23, suggesting a upside of 54.67% from the current price of $26.01. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Pinterest Inc (PINS) Summary page.
