Pinterest price target lowered to $43 from $45 at Seaport Research

Seaport Research lowered the firm’s price target on Pinterest (PINS) to $43 from $45 and keeps a Buy rating on the shares. The company reported “solid” Q3 results, but Q4 revenue guidance was slightly below street at the midpoint, the analyst tells investors. The firm remains positive on the stock given its unique platform with high intent users, strong engagement trends, expectations of mid-high teens long-term revenue growth, and the company remaining early in its monetization process.