Pinterest price target lowered to $25 from $38 at Guggenheim

Guggenheim lowered the firm’s price target on Pinterest (PINS) to $25 from $38 and keeps a Buy rating on the shares. Q4 revenue and adjusted EBITDA were below the firm’s and Street expectations and Q1 guidance was similarly light, notes the analyst, who says revenue headwinds and increased investments lower the firm’s near-term estimates.