Pinterest price target raised to $47 from $46 at Stifel

Stifel analyst Mark Kelley raised the firm’s price target on Pinterest (PINS) to $47 from $46 and keeps a Buy rating on the shares. Q2 results were ahead of expectations and Q3 revenue guidance was also “ahead of the mark despite some caution baked into the outlook from tariff uncertainty,” the analyst tells investors. The firm thinks the ROAS bidding opportunity, launched with general availability in March, is “still not fully in street numbers,” the analyst added.