Wells Fargo Upgrades Pinterest to Overweight, Raises Price Target to $34
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Ken Gawrelski has upgraded Pinterest (NYSE:PINS) from Equal-Weight to Overweight and raised the price target from $23 to $34.
June 28, 2023 | 9:30 am
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Pinterest's stock has been upgraded by Wells Fargo from Equal-Weight to Overweight, with a price target increase from $23 to $34.
The upgrade from Wells Fargo indicates a positive outlook for Pinterest. The increase in price target from $23 to $34 suggests that the analyst believes the stock is undervalued at its current price, which could lead to an increase in the stock's price in the short term.
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