In a report released today, Brian White from Monness maintained a Buy rating on Pinterest (PINS – Research Report), with a price target of $50.00.
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Brian White’s rating is based on several positive developments surrounding Pinterest’s recent performance and future outlook. The company reported a strong fourth quarter with revenue growth holding steady at 18% year-over-year, which is a significant improvement compared to the previous year’s growth rate. Additionally, Pinterest’s monthly active users (MAU) increased by 11%, with notable growth in key regions such as the U.S., Canada, and Europe. These positive user metrics are supported by enhancements in the platform’s advertising capabilities and user experience.
Moreover, Pinterest has shown resilience in a competitive and fragile macro environment by expanding its shopping capabilities and forming strategic partnerships with major ad platforms like Amazon and Google. The company’s optimistic outlook for the first quarter of 2025, along with increased revenue projections and strategic ad innovations, reinforces confidence in its growth trajectory. As a result, Brian White has raised the price target for Pinterest’s stock, underscoring the positive momentum and future potential that justifies a Buy rating.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $46.00 price target.