In a report released yesterday, Brad Erickson from RBC Capital maintained a Buy rating on Pinterest (PINS – Research Report), with a price target of $48.00. The company’s shares closed yesterday at $40.72.
Erickson covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Expedia, and Carvana Co. According to TipRanks, Erickson has an average return of 21.4% and a 55.35% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pinterest with a $43.00 average price target, a 5.60% upside from current levels. In a report released today, Jefferies also maintained a Buy rating on the stock with a $46.00 price target.
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PINS market cap is currently $27.53B and has a P/E ratio of -126.34.
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Pinterest (PINS) Company Description:
Founded in 2000, California-based Pinterest, Inc. provides a visual discovery engine in the United States and internationally. The company operates a pinboard-style photo-sharing website and allows users to create and manage theme-based image collections such as events, interests, and hobbies.
Read More on PINS:
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