BMO Capital raised the firm’s price target on Pinterest (PINS) to $46 from $45 and keeps an Outperform rating on the shares. The firm cites the company’s Q1 earnings beat and above-consensus guide while noting its “impressive execution” in the U.S. with Amazon (AMZN) ads integration and its international monetization improvement remaining on the horizon with Google Ads Manager. Pinterest management is executing well against its goal to grow revenue in the mid-teens over the next 3-5 years, BMO adds.
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