Pinterest price target raised to $42 from $41 at Wells Fargo

Wells Fargo raised the firm’s price target on Pinterest (PINS) to $42 from $41 and keeps an Overweight rating on the shares. The firm sees a modest beat and raise on the print, which it believes should warrant further positive re-rating of the shares. While not completely out of the woods on tariffs, Wells does think advertisers are spending with much more certainty and confidence.