Jefferies Upgrades Pinterest to Buy, Raises Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst James Heaney has upgraded Pinterest (NYSE:PINS) from Hold to Buy and increased the price target from $32 to $41, indicating a positive outlook for the company's stock.
November 30, 2023 | 11:57 am
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POSITIVE IMPACT
Pinterest's stock rating has been upgraded by Jefferies from Hold to Buy, with a raised price target from $32 to $41, suggesting a bullish sentiment on the stock's future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved company prospects or undervaluation. The increase in price target further reinforces the positive outlook, likely leading to increased investor confidence and upward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100