Wedbush raised the firm’s price target on Pinterest to $38 from $35 and keeps a Neutral rating on the shares. Pinterest reported mixed Q3 results as fell short of consensus while adjusted EBITDA exceeded Street estimates by 2.2%, the analyst tells investors in a research note. The firm said it will continue to monitor Pinterest’s ability to scale ad load and grow advertiser demand without diluting the user experience or impacting engagement.
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