Bernstein raised the firm’s price target on Pinterest (PINS) to $34 from $33 and keeps a Market Perform rating on the shares. Looking past management’s promotional tone, Pinterest executed reasonably well in 2024, especially with a 200bps impairment to a key F&B vertical, the firm says. All eyes will be on the Q1 set up which looks especially challenging, as they lap 300bps of Leap Year, Easter holiday and FX, Bernstein adds.
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