KeyBanc lowered the firm’s price target on Pinterest (PINS) to $35 from $40 to reflect more conservative growth outlooks and EV/EBITDA multiples. The firm keeps an Overweight rating on the shares. The firm says it expects another volatile quarter for SMID-cap ad earnings, with competition for incremental ad budgets and positioning around agentic AI key themes.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PINS:
- Coinbase, JNJ, PayPal, RTX, Pinterest Trending With Analysts
- Midday Fly By: Warsh nominated for Fed chair, Apple reports Q1 beat
- Spotify upgraded, Pinterest downgraded: Wall Street’s top analyst calls
- HSBC downgrades Pinterest to Hold on softer near-term outlook
- Pinterest downgraded to Hold from Buy at HSBC