BMO Capital analyst Brian Pitz lowered the firm’s price target on Pinterest (PINS) to $40 from $46 and keeps an Outperform rating on the shares after its inline Q3 results. User growth re-acceleration and growing engagement positions Pinterest for improved monetization potential across all regions, though the firm is also reducing its FY25 EBITDA view on tech talent investments and, to a lesser extent, continued sales and marketing costs, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PINS:
- Nvidia trades on Dow for first time, Rivian reports downbeat Q3: Morning Buzz
- Pinterest price target lowered to $41 from $45 at Piper Sandler
- Pinterest price target lowered to $43 from $45 at Seaport Research
- Pinterest price target lowered to $33 from $39 at Roth MKM
- Pinterest price target lowered to $39 from $45 at BofA