As previously reported, Benchmark upgraded Pinterest (PINS) to Buy from Hold with a $55 price target While having “long been challenged” by the company’s inconsistent engagement and monetization dynamics, the firm believes “these forces are now in sync,” the analyst tells investors. Pinterest’s historic monetization under indexing of its billions of unique first-party data “now looks rearview,” the analyst tells investors.
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Read More on PINS:
- Pinterest price target raised to $41 from $36 at Piper Sandler
- Pinterest price target raised to $50 from $45 at Stifel
- Pinterest price target raised to $46 from $37 at KeyBanc
- Pinterest price target raised to $42 from $36 at Morgan Stanley
- Pinterest price target raised to $47 from $39 at Wells Fargo