Pinterest management is executing on the playbook, says Susquehanna

Susquehanna noted Pinterest hosted its Investor Day which confirmed management is executing on its playbook which was the result of its strategic review from roughly 15 months ago. A key emphasis has been, and remains, improving shoppability across the app. Management sees the company as occupying a unique position as the visual discovery platform at the intersection of search, social, and commerce and has taken significant steps to realize this vision. Susquehana maintains its Positive rating and $35 price target on Pinterest shares.