Pinterest Stock Gaps Lower as Analysts Turn Bearish
Portfolio Pulse from
Pinterest Inc (NYSE:PINS) stock fell 3.6% following a downgrade by Jefferies from 'buy' to 'hold' and a price-target reduction from $40 to $32.
January 13, 2025 | 3:30 pm
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Pinterest Inc's stock experienced a 3.6% decline after Jefferies downgraded its rating from 'buy' to 'hold' and reduced the price target from $40 to $32.
The downgrade by Jefferies and the reduction in price target are likely to negatively impact investor sentiment, leading to a short-term decline in Pinterest's stock price.
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