Citigroup Maintains Buy on Pinterest, Lowers Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ronald Josey maintains a Buy rating on Pinterest (NYSE:PINS) but lowers the price target from $51 to $44.
July 31, 2024 | 7:27 pm
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Citigroup analyst Ronald Josey maintains a Buy rating on Pinterest but lowers the price target from $51 to $44.
The Buy rating suggests continued confidence in Pinterest's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100