Argus Research Upgrades Pinterest to Buy, Announces $45 Price Target
Portfolio Pulse from Benzinga Newsdesk
Argus Research analyst Jim Kelleher has upgraded Pinterest (NYSE:PINS) from Hold to Buy and set a price target of $45.
January 18, 2024 | 12:15 pm
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POSITIVE IMPACT
Pinterest has been upgraded by Argus Research from Hold to Buy with a new price target of $45, suggesting a positive outlook for the stock.
Upgrades by analysts typically lead to a positive short term reaction in the stock price as it reflects a bullish view on the company's future performance. The new price target of $45 indicates a significant upside potential from the current trading price, which may attract investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100