In a report released today, Brian White from Monness maintained a Buy rating on Pinterest (PINS – Research Report), with a price target of $50.00.
Brian White has given his Buy rating due to a combination of factors including Pinterest’s improved execution and financial performance. Despite facing challenging economic conditions and increased competition, the company has enhanced its platform by supporting advertisers more effectively and expanding its shopping capabilities. Additionally, Pinterest’s valuation remains attractive, drawing investor interest.
Furthermore, Pinterest is expected to meet revenue and EPS forecasts for the first quarter of 2025, with a projected year-over-year revenue growth of 15%. The company is also anticipated to see a 10% increase in monthly active users, indicating a strong user base expansion. These positive developments, along with the company’s strategic partnerships with third-party ad partners, contribute to the optimistic outlook for Pinterest’s stock.
According to TipRanks, White is a top 100 analyst with an average return of 17.6% and a 65.08% success rate. White covers the Technology sector, focusing on stocks such as Apple, Oracle, and Salesforce.
In another report released on April 28, Bernstein also maintained a Buy rating on the stock with a $35.00 price target.