In a report released today, Scott Devitt from Wedbush reiterated a Buy rating on Pinterest (PINS – Research Report), with a price target of $38.00. The company’s shares closed yesterday at $32.90.
Devitt covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Mercadolibre, and Booking Holdings. According to TipRanks, Devitt has an average return of 12.8% and a 52.54% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pinterest with a $38.65 average price target.
Based on Pinterest’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $898.37 million and a net profit of $30.56 million. In comparison, last year the company earned a revenue of $763.2 million and had a net profit of $6.73 million
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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.
Read More on PINS:
- Pinterest price target lowered to $33 from $37 at Guggenheim
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