KeyBanc raised the firm’s price target on Pinterest to $48 from $37 and keeps an Overweight rating on the shares. The firm expects Pinterest to report a solid Q4 and guide to 15%-17% year-over-year revenue growth. KeyBanc’s view reflects a solid ad market for retail/e-commerce and CPG, as well as product innovation and partnerships. The firm expects these tailwinds to continue into 2024.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PINS:
- Cathie Wood’s ARK Investment bought 62.4K shares of Pinterest today
- Cathie Wood’s ARK Investment bought 173.4K shares of Pinterest today
- #SocialStocks: Tech heads testify in child safety hearing
- Cathie Wood’s ARK Investment bought 55K shares of Pinterest today
- Pinterest price target raised to $37 from $31 at Roth MKM
