Loop Capital Markets Reaffirms Their Buy Rating on Pinterest (PINS)

Loop Capital Markets analyst Rob Sanderson maintained a Buy rating on Pinterest (PINS – Research Report) today and set a price target of $49.00. The company’s shares closed last Friday at $40.41.

Sanderson covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Snap, and Meta Platforms. According to TipRanks, Sanderson has an average return of 13.0% and a 58.06% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pinterest with a $44.60 average price target, a 10.37% upside from current levels. In a report released on May 2, Stifel Nicolaus also maintained a Buy rating on the stock with a $46.00 price target.

The company has a one-year high of $41.60 and a one-year low of $20.88. Currently, Pinterest has an average volume of 10.48M.

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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.