Piper Sandler analyst Thomas Champion raised the firm’s price target on Pinterest to $44 from $40 and keeps an Overweight rating on the shares. Pinterest is Piper’s top Smid cap pick as it remains constructive on the name into 2024 following a strong end to 2023. Direct Links is helping lower outbound CPC by 50%-plus and the firm sees further ad format improvements to come.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PINS:
- Pinterest (NYSE:PINS) Rises as RBC Analyst Upgrades to Buy
- Nike upgraded, Paramount downgraded: Wall Street’s top analyst calls
- Pinterest just upgraded at RBC Capital, here’s why
- #SocialStocks: Meta targeted in lawsuit for loose child safety features
- Jefferies communication services analyst holds analyst/industry conference call