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.
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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
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- Pinterest call volume above normal and directionally bullish
- Yaccarino discussed plans to leave X earlier this week, NYT reports
