RBC Capital raised the firm’s price target on Pinterest to $30 from $28 and keeps a Sector Perform rating on the shares after its “mixed” Q2 earnings beat. While outperformance in metrics like engagement, ad load and mobile MAUs is encouraging, RBC is struggling with underlying intent on the platform and how those metrics will eventually translate commensurately to revenue, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PINS: