TD Cowen raised the firm’s price target on Pinterest (PINS) to $43 from $40 and keeps a Buy rating on the shares. The firm updated its estimates following its checks which indicated strong uptake of Performance+ Creative and Bidding tools to date, alongside accelerating spend growth from advertisers.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PINS:
- PINS vs. SNAP: TD Cowen Picks the Better Social Media Stock Ahead of Q2 Earnings
- Pinterest Buy Rating Reaffirmed Amid Strong Revenue Growth and Successful Ad Tool Adoption
- France launches criminal probe into X over algorithm manipulation, Politico says
- Pinterest call volume above normal and directionally bullish
- Yaccarino discussed plans to leave X earlier this week, NYT reports