Stifel Maintains Buy on Pinterest, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Mark Kelley has maintained a Buy rating on Pinterest (NYSE:PINS) and increased the price target from $26 to $32, indicating a positive outlook on the company's stock.
January 09, 2024 | 2:03 pm
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Stifel analyst Mark Kelley has reiterated a Buy rating on Pinterest and raised the price target from $26 to $32, suggesting a bullish stance on the stock's future performance.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's growth prospects and financial health, which can positively influence investor sentiment and potentially drive the stock price up in the short term.
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