Pinterest Shares Plunge Despite Upbeat Q2 Results: 6 Analysts On Guidance, Future Growth
Portfolio Pulse from Priya Nigam
Pinterest shares dropped significantly despite reporting positive Q2 results. Analysts provided mixed ratings and lowered price targets due to disappointing guidance and concerns about future growth sustainability.
July 31, 2024 | 4:29 pm
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Pinterest shares fell 13.5% despite reporting positive Q2 results. Analysts lowered price targets and expressed concerns about future growth sustainability due to disappointing guidance.
Pinterest reported better-than-expected Q2 results, but its guidance for Q3 and beyond was below expectations. Analysts lowered their price targets and expressed concerns about the sustainability of growth, leading to a significant drop in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100