The Latest Analyst Ratings For Pinterest
Portfolio Pulse from Benzinga Insights
Pinterest (NYSE:PINS) received varied analyst ratings, with an updated average 12-month price target of $42.45, marking a 24.85% increase from the previous target. Analysts from firms like Keybanc, Roth MKM, and Evercore ISI Group have raised their price targets, reflecting optimism about Pinterest's market performance despite its market capitalization being below industry averages and mixed financial indicators such as revenue growth, net margin, and ROE.
February 05, 2024 | 8:00 pm
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Pinterest's average 12-month price target has been raised to $42.45, indicating a bullish outlook from analysts despite mixed financial performance.
The increase in Pinterest's average 12-month price target to $42.45 by analysts, despite its below-average market capitalization and mixed financial indicators, suggests a positive short-term outlook for the stock. The optimism is based on recent analyst upgrades and raised price targets, reflecting expectations of improved market performance.
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