Bernstein analyst Mark Shmulik lowered the firm’s price target on Pinterest (PINS) to $35 from $36 and keeps a Market Perform rating on the shares. After mixed Q2 results, Pinterest also shared soft guidance for Q3 as revenue guidance of 16-18% year-over-year points to a sequential deceleration and put question marks around Pinterest’s longer-term target of growing revenue by mid to high teens over the next 3-5 years, the firm says.
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