Wells Fargo Rates Pinterest Inc (PINS) Overweight, 'price target is nominally based on 25x '24 EBITDA'

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Go back to Wells Fargo Rates Pinterest Inc (PINS) Overweight, 'price target is nominally based on 25x '24 EBITDA'

Pinterest (PINS) jumps on Wells Fargo upgrade due to upcoming Amazon holiday partnership

June 28, 2023 6:54 AM EDT

Pinterest (NYSE: PINS) shares gained 4% in pre-open trading Wednesday after Wells Fargo analyst Ken Gawrelski boosted his rating on the stock to Overweight from Equal Weight and lifted his price target by nearly 50% to $34 per share.

The analyst highlights that as the highly anticipated 2023... More