As previously reported, Wedbush upgraded Pinterest (PINS) to Outperform from Neutral with a $38 price target The firm thinks the company is executing well against its user engagement and monetization strategies and remains on pace to deliver growth and profits in line with its multi-year guidance framework. Wedbush believes the reaction post Q3 results is “overdone,” with shares now trading for 11.6-times its 2026 adjusted EBITDA estimate for a business that is set to grow adjusted EBITDA at a 27% CAGR over the next three years.
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Read More on PINS:
- Pinterest price target lowered to $39 from $45 at KeyBanc
- Pinterest upgraded to Outperform from Neutral at Wedbush
- Pinterest price target lowered to $40 from $46 at BMO Capital
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- Pinterest price target lowered to $41 from $45 at Piper Sandler