Roth MKM keeps a Neutral rating and $29 price target on Pinterest after its Investor Day presentation. The management’s tone was constructive and balanced, with optimistic long-term outlook that was partially offset by near-term macro and product headwinds, the analyst tells investors in a research note. Roth MKM adds that it remains neutral on shares as the stock currently trades at a premium vs. mega caps despite a lower near-term growth rate vs. peers.
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