BofA analyst Justin Post raised the firm’s price target on Pinterest to $48 from $42 and keeps a Buy rating on the shares following what the firm calls a “solid” Q1 beat on key metrics and Q2 outlook that came in above the Street view. The firm, which is raising estimates to reflect higher user growth and improved monetization, upped its 2025 revenue forecast by 3% and EBITDA by 6%.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PINS:
- PINS Earnings: Pinterest Surges 17% after Smashing Expectations
- Options Volatility and Implied Earnings Moves Today, April 30, 2024
- Pinterest put volume heavy and directionally bearish
- Options Volatility and Implied Earnings Moves This Week, April 29 – May 02, 2024
- ByteDance explores scenarios for TikTok sale without algorithm, Information says
