tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Pinterest price target raised to $44 from $41 at BofA

BofA raised the firm’s price target on Pinterest (PINS) to $44 from $41 and keeps a Buy rating on the shares. Q2 results and the Q3 outlook beat expectations, says the analyst, who is raising the firm’s revenue forecast to reflect higher users and monetization. The firm’s target is based on a revised 2026 EBITDA estimate and a higher multiple, reflecting higher growth, the analyst noted.

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.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1