JP Morgan Maintains Neutral on Pinterest, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Doug Anmuth has maintained a Neutral rating on Pinterest (NYSE:PINS) while raising the price target from $38 to $44.

May 01, 2024 | 2:58 pm
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JP Morgan analyst Doug Anmuth maintains a Neutral rating on Pinterest but raises the price target from $38 to $44.
The increase in the price target by JP Morgan reflects a positive outlook on Pinterest's valuation, potentially leading to increased investor confidence and a short-term positive impact on the stock price. However, the Neutral rating suggests that the analyst sees limited upside beyond the new target, balancing the potential for growth against existing challenges or uncertainties in Pinterest's business model or market conditions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100