Piper Sandler Reiterates Overweight Rating on Pinterest Inc (PINS), 'monthly usage peaks'
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Get Alerts PINS Hot Sheet
Rating Summary:
28 Buy, 21 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
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Piper Sandler analyst Thomas Champion reiterated an Overweight rating and $48.00 price target on Pinterest Inc (NYSE: PINS).
The analyst said: "Pinterest monthly usage peaked again at ~36%, up ~100 bps from the prior high in Fall ‘23. Teens voting Pinterest as their favorite app also improved slightly to 3% from prior ~2%. With PINS, we see 'Many Ways to Win' amidst (1) improving ad products, (2) inflecting growth & (3) AMZN / GOOGL partnerships."
For an analyst ratings summary and ratings history on Pinterest Inc click here. For more ratings news on Pinterest Inc click here.
Shares of Pinterest Inc closed at $33.98 yesterday.
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