Analyst Scoreboard: 13 Ratings For Pinterest
Portfolio Pulse from Benzinga Insights
Recent analysis of Pinterest (NYSE:PINS) by 13 analysts over the past three months shows a variety of opinions, with an updated average 12-month price target of $42.85, an 18.3% increase from the previous target. The ratings range from bullish to indifferent, with notable raises in price targets by analysts from firms like JP Morgan and RBC Capital. Pinterest's financial health is strong, with significant revenue growth, high net margin, and efficient asset management. The company's focus on digital ads and e-commerce features, along with its substantial user base, positions it well for future growth.

March 26, 2024 | 3:00 pm
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POSITIVE IMPACT
Pinterest's stock may see positive short-term movement due to bullish analyst ratings and an increased average 12-month price target of $42.85, reflecting an 18.3% rise. The company's strong financial health and strategic focus on e-commerce could further bolster investor confidence.
The positive shift in analyst ratings and the significant increase in the average 12-month price target suggest growing confidence in Pinterest's market position and financial health. The company's revenue growth, high net margin, and strategic initiatives in digital advertising and e-commerce are likely to attract investor interest, potentially leading to a short-term increase in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100