Pinterest forecasts downbeat revenue as competition grows; shares slump
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Pinterest Inc (PINS) PT Lowered to $48 at RBC Capital
July 31, 2024 6:25 AM EDTRBC Capital analyst Brad Erickson lowered the price target on Pinterest Inc (NYSE: PINS) to $48.00 (from $52.00) while maintaining a Outperform rating.
The analyst comments "PINS' quarter was mixed. Positively, the Amazon & Google 3p partnerships are ramping, outsized impression growth continues, direct links value... More
Pinterest Inc (PINS) PT Lowered to $46 at Goldman Sachs
July 31, 2024 5:21 AM EDTGoldman Sachs analyst Eric Sheridan lowered the price target on Pinterest Inc (NYSE: PINS) to $46.00 (from $50.00) while maintaining a Buy rating.
The analyst comments "We recap PINS Q224 earnings report, which was an overall solid set of results in our view as the company painted a picture of... More
Pinterest Inc (PINS) PT Lowered to $45 at Stifel
July 31, 2024 5:18 AM EDTStifel analyst Mark Kelley lowered the price target on Pinterest Inc (NYSE: PINS) to $45.00 (from $46.00) while maintaining a Buy rating.
The analyst comments "Pinterest delivered a solid 2Q print, $4mn above the high-end of the guidance range (and 1% above Stifel estimates), with better... More
Pinterest Inc (PINS) PT Lowered to $47 at Jefferies
July 31, 2024 5:15 AM EDTJefferies analyst James Heaney lowered the price target on Pinterest Inc (NYSE: PINS) to $47.00 (from $52.00) while maintaining a Buy rating.
The analyst comments "Q2 results were solid with rev 1% ahead of street, but the implied slowdown in Q3 rev growth to... More
Pinterest Inc (PINS) PT Lowered to $39 at Roth/MKM
July 31, 2024 5:12 AM EDTRoth/MKM analyst Rohit Kulkarni lowered the price target on Pinterest Inc (NYSE: PINS) to $39.00 (from $40.00) while maintaining a Neutral rating.
The analyst comments "PINS shares were down -12% as of 8pm ET as the company reported a small 2Q beat earnings result and... More
Pinterest Inc (PINS) PT Lowered to $48 at Evercore ISI
July 31, 2024 5:04 AM EDTEvercore ISI analyst Mark Mahaney lowered the price target on Pinterest Inc (NYSE: PINS) to $48.00 (from $50.00) while maintaining a Outperform rating.
The analyst comments "Our View: We reiterate our Outperform rating on PINS tho modestly lower our estimates and PT (from... More
