RBC Capital raised the firm’s price target on Pinterest to $52 from $48 and keeps an Outperform rating on the shares. The company reported a “breakout quarter” with upside in revenue and EBITDA for Q1 and Q2 outlook, the analyst tells investors in a research note. Pinterest’s direct links are working, with advertisers spending more as they see better return on ad spend, or ROAS, RBC adds.
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