RBC Capital Maintains Their Buy Rating on Pinterest (PINS)


In a report issued on March 13, Mark Mahaney from RBC Capital maintained a Buy rating on Pinterest (PINS), with a price target of $26.00. The company’s shares closed last Monday at $12.65, close to its 52-week low of $10.51.

According to TipRanks.com, Mahaney is a 5-star analyst with an average return of 6.0% and a 44.7% success rate. Mahaney covers the Technology sector, focusing on stocks such as Spotify Technology SA, Uber Technologies, and Trade Desk.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pinterest with a $29.39 average price target.

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The company has a one-year high of $36.83 and a one-year low of $10.51. Currently, Pinterest has an average volume of 13.87M.

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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.

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