Pinterest Stock Rises On New Analyst Coverage: Retail’s Not Convinced

Nov 30, 2024
pinterest-stock-rises-on-new-analyst-coverage:-retail’s-not-convinced

Pinterest stock was up nearly 1% on Friday morning after TD Cowen initiated coverage of the stock, but retail sentiment inched down. TD Cowen analyst John Blackledge gave a ‘Buy’ rating and issued a $38 price target, The Fly.com reported. The firm’s survey data reportedly shows Pinterest “over-indexes on product discovery use cases relative to other Social Platforms” that it sees as a tailwind for monetization. According to the survey, 44% of…

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