UPDATE: JPMorgan Downgrades Pinterest Inc (PINS) to Neutral

Pinterest Inc (PINS) PT Lowered to $65 at Rosenblatt

July 30, 2021 6:51 AM EDT

Rosenblatt analyst Mark Zgutowicz lowered the price target on Pinterest Inc (NYSE: PINS) to $65.00 (from $70.00) while maintaining a Neutral rating.

The analyst commented, "We forecast 21E MAU engagement to trend back to 19 pre-COVID levels and a modest return to growth in 22E.... More

Pinterest Inc (PINS) PT Lowered to $65 at Susquehanna

July 30, 2021 6:22 AM EDT

Susquehanna analyst Shyam Patil lowered the price target on Pinterest Inc (NYSE: PINS) to $65.00 (from $75.00) while maintaining a Neutral rating.

The analyst commented, "Social engagement has generally been lackluster as pandemic restrictions ease, and PINS is getting hit hard because... More

Pinterest (PINS) Tops Q2 EPS by 12c, U.S. MAUs Fall 7%, Offers Guidance

July 29, 2021 4:07 PM EDT

Pinterest (NYSE: PINS) reported Q2 EPS of $0.25, $0.12 better than the analyst estimate of $0.13. Revenue for the quarter came in at $613 million versus the consensus estimate of $561.88 million.

Global Monthly Active Users (MAUs) grew 9% year over year to 454 million.

Guidance:

We continue to navigate uncertainty given the ongoing COVID-19 pandemic and other factors. Our current... More