Morgan Stanley lowered the firm’s price target on Pinterest (PINS) to $32 from $41 and keeps an Overweight rating on the shares. Revenue trends continue to come in lower than expected amid macro pressures and low advertiser diversity, notes the firm as it lowers near term estimates. However, the firm says catalysts seen into 2026, coupled with “a valuation reset,” lead it to keep an Overweight rating on the shares.
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