Pinterest price target raised to $50 from $45 at Stifel

Stifel raised the firm’s price target on Pinterest (PINS) to $50 from $45 and keeps a Buy rating on the shares. Pinterest posted a “healthy” Q4 and Q1 guidance was well ahead of the Street despite tougher comps, the analyst tells investors. The firm views Q4 results and Q1 guidance as “solid” and likely to ease some near-term worries, adding that it believes “there is more to go here.”