Pinterest price target raised to $32 from $30 at Piper Sandler

Piper Sandler analyst Thomas Champion raised the firm’s price target on Pinterest to $32 from $30 and keeps an Overweight rating on the shares. The company’s Q4 revenue was below the Street while EBITDA was in-line but the Q1 guide was weaker than expected, the analyst tells investors in a research note. The firm, however, says Pinterest management offered up a clear roadmap for 2023, with key areas of focus include shopping and video. Piper views the quarter as "good enough."