TipRanksStock Market NewsPINS NewsPinterest (PINS) Receives a Hold from J.P. Morgan

Pinterest (PINS) Receives a Hold from J.P. Morgan

J.P. Morgan analyst Doug Anmuth maintained a Hold rating on Pinterest (PINSResearch Report) on February 4 and set a price target of $36.00. The company’s shares closed last Friday at $25.40, close to its 52-week low of $24.01.

According to TipRanks.com, Anmuth is a 5-star analyst with an average return of 20.7% and a 59.9% success rate. Anmuth covers the Technology sector, focusing on stocks such as Spotify Technology SA, Fiverr International, and Uber Technologies.

Pinterest has an analyst consensus of Moderate Buy, with a price target consensus of $40.00, representing a 55.2% upside. In a report issued on January 31, Stifel Nicolaus also initiated coverage with a Hold rating on the stock with a $34.00 price target.

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The company has a one-year high of $89.90 and a one-year low of $24.01. Currently, Pinterest has an average volume of 12.47M.

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Founded in 2000, California-based Pinterest, Inc. provides a visual discovery engine in the United States and internationally. The company operates a pinboard-style photo-sharing website and allows users to create and manage theme-based image collections such as events, interests, and hobbies.

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