PINS - Roughly 40-45% Of Pinterest User Base In Unexplored Regions Will Boost Revenue - This Analyst Presents Bullish Case | Benzinga
Pinterest Inc (NYSE: PINS) shares are trading higher after Stifel analyst Mark Kelley upgraded the stock to Buy from Hold at a higher price target of $32 from $27.
The analyst is bullish on the stock, as the partnership with Amazon.com Inc (NASDAQ: AMZN) is expected to be successful on holiday season spending.
Pinterest is in the early stages of international monetization (accounting for less than 20% of revenue), and the analyst expects this gap to close over time as the company grows its advertisement ...