Roth MKM Maintains Neutral on Pinterest, Raises Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Rohit Kulkarni has maintained a Neutral rating on Pinterest (NYSE:PINS) but increased the price target from $31 to $37, indicating a potential upside from the previous target.
January 30, 2024 | 2:31 pm
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Roth MKM analyst Rohit Kulkarni maintains a Neutral rating on Pinterest but raises the price target from $31 to $37, suggesting a positive outlook on the stock's potential.
The increase in price target by a reputable analyst can lead to positive investor sentiment and a potential short-term increase in the stock price. The Neutral rating indicates that the analyst sees the stock as fairly valued at the moment, but the raised target suggests an expectation of growth or positive performance that could influence the stock price positively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100