Pinterest price target raised to $25 from $18 at Roth Capital

Roth Capital analyst Rohit Kulkarni raised the firm’s price target on Pinterest (PINS) to $25 from $18 and keeps a Neutral rating on the shares. The companies reported a solid beat and raise quarter with revenue exceeding expectations alongside better-than-expected Q2 guidance, the analyst tells investors in a research note. The quarter marks an encouraging step in demonstrating that Pinterest’s AI investments are translating into measurable advertiser ROI and revenue acceleration, the firm added.