PINS - Pinterest Gets 30% Price Target Boost From KeyBanc On Hopes Of Upbeat Q4 Positive Outlook | Benzinga
Shares of Pinterest, Inc. (NYSE:PINS) received a price target boost on Monday as the social commerce company prepares to release its quarterly results later this week.
The Pinterest Analyst: KeyBanc Capital Markets analyst Justin Patterson maintained an Overweight rating and increased the price target from $37 to $48, a 30% increase. The new price target presents scope for a 21% upside potential.
The Pinterest Thesis: Pinterest will likely report a solid fourth quarter, with 14% revenue growth and a 1% beat, and guide to 15-17% revenue growth, said Patterson in a note. “Our view reflects a solid ad market ...