BMO Capital analyst Brian Pitz raised the firm’s price target on Pinterest (PINS) to $46 from $40 and keeps an Outperform rating on the shares. Direct Response advertising dollars are beginning to flow through the platform and should prove durable given the company’s engagement improvements, with monthly active users reaching all-time highs, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PINS:
- Pinterest upgraded at Benchmark with monetization catching up to engagement
- Pinterest price target raised to $41 from $36 at Piper Sandler
- Pinterest price target raised to $50 from $45 at Stifel
- Pinterest price target raised to $46 from $37 at KeyBanc
- Pinterest price target raised to $42 from $36 at Morgan Stanley