Barclays raised the firm’s price target on Pinterest (PINS) to $42 from $36 and keeps an Equal Weight rating on the shares post the Q4 report. Pinterest is doing a good job of increasing advertising relevance while increasing ad load, which is a “good recipe for revenue,” the analyst tells investors in a research note.
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Read More on PINS:
- Pinterest upgraded to Buy from Hold at Benchmark
- Pinterest price target raised to $47 from $44 at Citi
- AI Sparks a New Era in Pinterest’s (PINS) Consumer Growth
- Pinterest upgraded to Outperform from Market Perform at Bernstein
- Pinterest Reaches New Heights with Billion-Dollar Revenue Quarter