Pinterest shares are trading higher after RBC Capital upgraded the stock from Sector Perform to Outperform and raised its price target from $32 to $46.
Portfolio Pulse from Benzinga Newsdesk
Pinterest stock (PINS) has seen an increase in its trading price following an upgrade from RBC Capital, which changed its rating from Sector Perform to Outperform and increased the price target from $32 to $46.

December 11, 2023 | 2:00 pm
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POSITIVE IMPACT
Pinterest's stock price is likely to experience a positive short term impact due to the upgrade from RBC Capital, moving from Sector Perform to Outperform, with a raised price target from $32 to $46.
Analyst upgrades and raised price targets are strong positive signals for investors, often leading to increased investor confidence and a rise in stock price. RBC Capital's upgrade to Outperform and a significant raise in the price target for Pinterest suggests a robust outlook for the company, which is likely to attract investor interest and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100