In a report released today, Michael Levine CFA from Pivotal Research upgraded Pinterest Inc (PINS) to Buy, with a price target of $32.00. The company’s shares closed last Monday at $25.70.
According to TipRanks.com, CFA is a 1-star analyst with an average return of -5.1% and a 25.0% success rate. CFA covers the Technology sector, focusing on stocks such as Trade Desk Inc, Alphabet Inc, and Facebook.
Pinterest Inc has an analyst consensus of Moderate Buy, with a price target consensus of $34.47.
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Based on Pinterest Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.16 billion. In comparison, last year the company had a net profit of $3.4 million.
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Pinterest, Inc. engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.
