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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100