Pinterest Inc (PINS) PT Raised to $49 at Loop Capital

Loop Capital analyst Rob Sanderson raised the price target on Pinterest Inc (NYSE: PINS) to $49.00 (from $43.00) while maintaining a Buy rating.

The analyst commented: "We are raising estimates and taking our PT to $49 per share applying the same 25X to our higher 2025 forecast for adj. EBITDA. The bull case for the stock has been progressing for some time and now appears to have hit an inflection. Pinterest is benefiting across each of its four key growth drivers, (i) users and engagement, (ii) ad load, (iii) lower-funnel capabilities and (iv) enhancing demand with third-party partners. We think that all four drivers have sustainable momentum, and we see a lengthy growth cycle ahead."

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