Pinterest Inc relatively less exposed to the ad privacy headwinds as well. Pinterest can navigate the advertising headwinds Revenue, however, came in shy of estimates. In February, the image sharing platform reported better-than-expected earnings for its fiscal fourth quarter as Invezz reported HERE. Pinterest’s unique visual discovery platform and high-intent user base provides an attractive platform for advertisers, we expect steady user growth going forward and increasing engagement metrics. The analyst is bullish on Pinterest stock primarily because he expects the company to steadily grow over the long term. His $33 price target suggests another 20% upside from here. Pinterest stock could climb another 20%Īaron Kessler assumed coverage of the social media company on Friday with an outperform rating.
Pinterest Inc ( NYSE: PINS) has already gained about 25% this year but a Raymond James analyst is convinced it’s not done pleasing its shareholders just yet.
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