RBC Capital Maintains Outperform on Pinterest, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Erickson maintains an Outperform rating on Pinterest (NYSE:PINS) but lowers the price target from $52 to $48.
July 31, 2024 | 3:18 pm
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RBC Capital analyst Brad Erickson maintains an Outperform rating on Pinterest but lowers the price target from $52 to $48.
The Outperform rating suggests continued confidence in Pinterest's performance, but the lowered price target indicates some caution about its short-term growth potential. This mixed signal is likely to result in a neutral short-term impact on the stock price.
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