Oppenheimer analyst Jason Helfstein lowered the firm’s price target on Pinterest (PINS) to $24 from $36 and keeps an Outperform rating on the shares on valuation, with new focus on diversifying to SMB/International with large advertisers still under pressure. The company is guiding Q1 revenue 5% below Opco/Street estimates ex-FX with EBITDA 15% below.
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Read More on PINS:
- Pinterest price target lowered to $28 from $35 at BMO Capital
- Pinterest price target lowered to $26 from $40 at UBS
- Pinterest price target lowered to $27 from $35 at Wells Fargo
- Pinterest: Compressed Valuation, Solid User Growth, and Strategic Partnerships Support Buy Rating Despite Lowered Estimates
- Pinterest price target lowered to $25 from $40 at Stifel