Evercore ISI Group Maintains Outperform on Pinterest, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Mark Mahaney has maintained an Outperform rating on Pinterest (NYSE:PINS) and increased the price target from $45 to $50.
January 26, 2024 | 8:14 pm
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Evercore ISI Group analyst Mark Mahaney reaffirmed an Outperform rating on Pinterest and raised the price target to $50, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Mark Mahaney suggests a bullish outlook on Pinterest's future performance. This typically leads to increased investor confidence and can result in a short-term uptick in the stock price.
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