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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POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100