KeyBanc analyst Justin Patterson raised the firm’s price target on Pinterest (PINS) to $45 from $40 and keeps an Overweight rating on the shares. The firm expects slight upside to Q2 revenue and EBITDA, reflecting a stable macro, product momentum, and operating leverage. In turn, KeyBanc expects Q3 guidance that is largely in line. Given the ad product cycle should continue scaling into the second half of 2025 and 2026, the firm raised its 2025 and 2026 forecasts slightly and introduced 2027 revenue and EBITDA of $5.5B and $1.85B, respectively.
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