Pinterest price target raised to $24 from $20 at Rosenblatt

Rosenblatt raised the firm’s price target on Pinterest (PINS) to $24 from $20 and keeps a Neutral rating on the shares. The company’s better than guided Q1 report eases investor concerns, the analyst tells investors in a research note. The firm continues to believe chatbots are likely to meaningfully target Pinterest’s core use case over the next few years.