Pinterest price target raised to $47 from $39 at Loop Capital

Loop Capital analyst Rob Sanderson raised the firm’s price target on Pinterest (PINS) to $47 from $39 and keeps a Buy rating on the shares. The firm is updating its model after the company’s “strong” Q4 results and a positive outlook to kick off 2025, the analyst tells investors in a research note. Pinterest has long been recognized as a platform with unique engagement and potential for high value creation for marketers, but while these trends have been improving for several quarters, monetization had been lagging, the firm adds, noting that its early reads on the AI-driven automation platform Performance+ are positive.