Guggenheim raised the firm’s price target on Pinterest (PINS) to $44 from $39 and keeps a Buy rating on the shares ahead of Q2 earnings. The firm views the company as being in the “early stages of its monetization opportunity” and remains confident in the story, adding that Alphabet’s (GOOG) (GOOGL) Q2 results and outlook suggest strength in demand for direct response advertising since Q1 earnings.
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