JPMorgan raised the firm’s price target on Pinterest to $32 from $30 and keeps a Neutral rating on the shares. The company delivered a “solid, upbeat” investor day, emphasizing its three key priorities of growing engagement, improving monetization and driving profitable growth, the analyst tells investors in a research note. The firm says Pinterest’s 3-5 year targets were “mostly right down the fairway” but leave potential room for upside.
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