Wedbush analyst Ygal Arounian maintained a Buy rating on Pinterest (PINS) today and set a price target of $26.00. The company’s shares closed last Monday at $19.60, close to its 52-week low of $18.71.
According to TipRanks.com, Arounian ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -14.2% and a 31.0% success rate. Arounian covers the Technology sector, focusing on stocks such as Uber Technologies, GrubHub, and Yelp.
Currently, the analyst consensus on Pinterest is a Moderate Buy with an average price target of $27.53, which is a 36.6% upside from current levels. In a report issued on November 1, Nomura also maintained a Buy rating on the stock with a $31.00 price target.
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Based on Pinterest’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $125 million. 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.
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