JPMorgan downgraded Pinterest (PINS) to Neutral from Overweight with a price target of $20, down from $36. The company’s Q1 guidance & 2026 adjusted EBITDA margin outlook came in below expectations, the analyst tells investors in a research note. The firm is looking for Pinterest’s monetization initiatives to drive improved financial performance before again recommending the shares. Diversifying the company’s advertiser base and restructuring the sales team will take time, contends JPMorgan.
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