Rosenblatt analyst Barton Crockett upgraded Pinterest to Buy from Neutral with a price target of $35, up from $27, post the Q2 results. In a “choppy” advertising market “with cost-pressures galore,” Pinterest is making “enticing progress,” the analyst tells investors in a research note. The firm says the company is laying a foundation for revenue acceleration, margin expansion and rising relevancy that can bolster the shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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: