Piper Sandler analyst Thomas Champion maintained a Buy rating on Pinterest (PINS – Research Report) today and set a price target of $48.00. The company’s shares closed last Friday at $34.90.
According to TipRanks, Champion is a 2-star analyst with an average return of 0.0% and a 46.95% success rate. Champion covers the Communication Services sector, focusing on stocks such as Pinterest, Meta Platforms, and Alphabet Class A.
Currently, the analyst consensus on Pinterest is a Moderate Buy with an average price target of $42.90, representing a 22.92% upside. In a report released on March 7, Jefferies also reiterated a Buy rating on the stock with a $46.00 price target.
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Based on Pinterest’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $981.26 million and a net profit of $201.18 million. In comparison, last year the company earned a revenue of $877.21 million and had a net profit of $17.49 million
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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.
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