Pinterest Stock Jumps 4% Following Two Upgrades
<p><a href='https://financialmodelingprep.com/financial-summary/PINS'>Pinterest (NYSE:PINS)</a> saw more than a 4% surge intra-day today after two Wall Street analysts upgraded it to a Buy rating. They were impressed by Pinterest's recent investor event, highlighting its positive outlook and reasonable long-term goals.</p>
<p>Citi analysts upgraded the stock to Buy from Neutral with a $36 price target, citing confidence in sustained user engagement, improved advertising monetization, and expanded adjusted EBITDA margins.</p>
<p>DA Davidson analysts raised the rating to Buy from Neutral and increased the price target to $35. The analysts' upgrade is based on their confidence in Pinterest's ability to meet financial targets by enhancing engagement, monetization across regions, and maintaining financial discipline.</p>

NYSE:PINS