Piper Sandler raised the firm’s price target on Pinterest (PINS) to $26 from $21 and keeps a Neutral rating on the shares. The firm notes shares traded up 15%-plus after market following solid results and Q2 guidance above consensus. Piper likes the solidly mid-teens revenue growth and commitment to 29% FY26 EBITDA margins. The buyback activity is impressive but large advertisers still seem mixed, the firm adds.
Claim 55% 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: