Stifel says would own Pinterest into earnings

Stifel analyst Mark Kelley keeps a Buy rating and $47 price target on Pinterest (PINS) as part of a broader research note previewing Q3 results in Digital Ads. Commentary from the firm’s recent advertising checks suggest Q3 growth trends generally improved vs. Q2, with September the strong point during the quarter, though tougher comps and continued tariff / macro uncertainty likely means Q4 guidance across the firm’s coverage won’t offer much to get excited about despite a generally supportive digital ads environment, the analyst tells investors in a research note. Stifel adds that for Pinterest however, the platform continues to improve for users and advertisers alike, which elevates the platform for a growing number of advertisers, particularly during the holiday quarter.