DA Davidson Upgrades Pinterest to Buy, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Tom Forte has upgraded Pinterest (NYSE:PINS) from Neutral to Buy and raised the price target from $25 to $35.
September 20, 2023 | 12:36 pm
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POSITIVE IMPACT
Pinterest's stock has been upgraded from Neutral to Buy by DA Davidson, with a price target increase from $25 to $35.
The upgrade from Neutral to Buy indicates a positive outlook for Pinterest's stock. The increase in price target from $25 to $35 suggests that the analyst expects the stock to perform well in the short term. This could lead to an increase in demand for the stock, potentially driving up its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100