RBC Capital analyst Brad Erickson raised the firm’s price target on Pinterest (PINS) to $30 from $26 and keeps a Sector Perform rating on the shares. A meaningful media network partnership could be coming for the company, based on the recent management commentary, with Google (GOOGL) being a potential partner, the analyst tells investors in a research note. The partnership could be worth double-digit upside in the stock, RBC added, though it also cites its ad load analysis that suggests Pinterest is potentially more "well-baked" than investors may appreciate.
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