RBC Capital raised the firm’s price target on Pinterest (PINS) to $32 from $30 and keeps a Sector Perform rating on the shares. The analyst cites the company’s Q3 earnings beat while noting that its business is modestly accelerating and its new ad products are driving better engagement. The firm added that Pinterest ad load could increase further and the Amazon (AMZN) partnership is ramping faster than expected.
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 the top stocks recommended by analysts >>
Read More on PINS:
- PINS, META, or SNAP: Which Social Media Stock is a “Strong Buy”?
- Bank of America Analyst Bullish on Pinterest (NYSE:PINS) After Q3 Earnings Beat
- Notable open interest changes for October 31st
- Pinterest price target raised to $34 from $33 at Seaport Research
- Pinterest price target raised to $32 from $30 at Wedbush