As the Q1 earnings season wraps, let’s dig into this quarter’s best and worst performers in the social networking industry, including Nextdoor (NYSE:KIND) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Snap (NYSE:SNAP) and the rest of the social networking stocks fared in Q1.
Social commerce platform Pinterest (NYSE: PINS) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 15.5% year on year to $855 million. Guidance for next quarter’s revenue was better than expected at $970 million at the midpoint, 0.6% above analysts’ estimates. Its non-GAAP profit of $0.23 per share was 9.8% below analysts’ consensus estimates.
PINTEREST INC (NYSE:PINS) offers strong growth, solid profitability, and reasonable valuation, making it an attractive option for investors seeking affordable growth stocks.
Shares of social commerce platform Pinterest (NYSE: PINS)
jumped 5% in the morning session after JP Morgan upgraded the stock rating from Neutral to Buy and raised the price target from $35 to $40. The firm cited "progress in adding users and improving monetization."
The card, issued through WebBank, is currently in its early testing stage, with a full-scale launch expected across the U.S. and Europe later in the year.
JPMorgan upgraded the stock, citing strong execution, improved monetization, and ad growth, and sees upside potential and a favorable risk/reward setup.
