Intraday

Pinterest could jump 40% as active users gain and gross margins increase, CFRA says

1 month ago   |   By Business Insider

Summary List Placement CFRA's John Freeman upgraded Pinterest to a "strong buy" and maintained his $93 price target in a note to clients on Friday after investors abandoned the firm post-earnings.
Freeman's price target implies a potential 40% jump in share prices from Friday's intraday low of $66.01.
Pinterest's revenue grew 78% year-over-year in the first-quarter, beating its own guidance and Wall Street analysts' estimates, but that wasn't enough to keep the stock from falling.
Shares of the social media company are down roughly 14% since management released its first-quarter earnings...
Read more ...

 

Pinterest could jump 40% as active users gain and gross margins increase, CFRA says

Pinterest could jump 40% as active users gain and gross margins increase, CFRA says

1 month ago   |   By Business Insider

Summary List Placement CFRA's John Freeman upgraded Pinterest to a "strong buy" and maintained his $93 price target in a note to clients on Friday after investors abandoned the firm post-earnings.
Freeman's price target implies a potential 40% jump in share prices from Friday's intraday low of $66.01.
Pinterest's revenue grew 78% year-over-year in the first-quarter, beating its own guidance and Wall Street analysts' estimates, but that wasn't enough to keep the stock from falling.
Shares of the social media company are down roughly 14% since management released its first-quarter earnings...
Read more ...

 


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