Piper Sandler Reiterates Overweight Rating on Pinterest Inc (PINS), 'monthly usage peaks'

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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