New Street Research Initiates Coverage On Pinterest with Buy Rating, Announces Price Target of $48
Portfolio Pulse from Benzinga Newsdesk
New Street Research analyst Dan Salmon has initiated coverage on Pinterest (NYSE:PINS) with a Buy rating and set a price target of $48.
November 27, 2023 | 1:16 pm
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POSITIVE IMPACT
Pinterest received a Buy rating from New Street Research with a price target of $48, indicating a positive outlook from the analyst.
Analyst ratings can significantly influence investor sentiment and stock prices. A Buy rating from a reputable analyst like Dan Salmon suggests a positive outlook for Pinterest, which could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100