Piper Sandler lowered the firm’s price target on Pinterest (PINS) to $33 from $35 and keeps a Neutral rating on the shares. The firm notes shares were down 15%-plus after market following a print and Q4 guidance that was slightly below Street. Usage remains steady, but not inflecting, Piper points out. Performance has been fine, but the firm struggles to see a catalyst to drive the business and accelerate growth.
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Read More on PINS:
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