Piper Sandler Reiterates Overweight Rating And $35 PT On Pinterest Following News Of Amazon Sponsored Product Ads
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has reiterated its overweight rating and $35 price target on Pinterest following the news of Amazon sponsored product ads. This suggests that Piper Sandler sees potential growth for Pinterest, possibly due to the expected increase in ad revenue from Amazon's sponsored product ads.
August 16, 2023 | 6:22 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Piper Sandler's reiteration of its overweight rating and $35 price target on Pinterest following the news of Amazon sponsored product ads suggests potential growth for Pinterest.
The reiteration of an overweight rating and a $35 price target by Piper Sandler indicates their positive outlook on Pinterest's stock. This is likely due to the expected increase in ad revenue from Amazon's sponsored product ads, which could boost Pinterest's financial performance and, consequently, its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100