![]() ![]() Price Check: Shares of Alphabet were trading 0.3% lower at $122.48, Meta was up 0.5% at $265.03, Pinterest was down 1.7% at $23.96 and shares of Snap were falling 1.2% to $10.06 at last check on Thursday, according to Benzinga Pro data. ![]() While Gawrelski didn't provide detailed comments on Pinterest and Snapchat, given the shared dynamics of the large cap internet sector, the companies are expected to navigate similar market shifts, including the continuing evolution of AI in advertising and a potential shift towards more conversational and interactive forms of search and engagement. This came as shares had seen a recovery in recent weeks alongside the rest of. However, its growth is likely to be capped by less ad buyer optimism around the medium-term monetization of Meta’s Reels feature. Early in April I thought that shares of Pinterest (NYSE: PINS) were stabilizing with a potential catalyst at play. The analyst said Advantage+ now accounts for roughly 25% of total spending on Meta, a sharp increase from 9% at the end of 2022. On Meta, Gawrelski noted that near-term optimism around advertising acceleration and Advantage+ adoption will likely be tempered by diminishing returns. He highlighted potential scenarios including pricing volatility, aggressive bidding from competitors for Google’s search distribution partnerships, and potential pressure on profitability. PINS -1.14 Is Pinterest a Buy J09:00 am EDT Written by Neil Patel for The Motley Fool -> Pinterest (NYSE: PINS) shares have been on quite the roller-coaster ride in recent.
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