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Stock impact report

Here is Why Pinterest Inc. (PINS) is Favored by Hedge Funds [Yahoo! Finance]

Pinterest, Inc. Class A (PINS) 
Company Research Source: Yahoo! Finance
Shweta Khajuria from Wolfe Research reiterated her bullish views on Pinterest Inc. (NYSE:PINS), assigning a Buy rating on January 5. Despite a downward revision in the target price from $36 to $33, Khajuria still expects a 20% upside potential. Pixabay/Public Domain The analyst expects a continued rally in Internet stocks following 3 years of outperformance. She expects a favorable sentiment driven by macroeconomic growth, AI-linked developments, and larger spending on products. BMO Capital analyst Brian Pitz also reaffirmed his outperform rating on Pinterest Inc. (NYSE:PINS) on December 16. Pitz gave a Buy call and estimated a $35.00 price target, which leads to an upside of over 27%. Pitz shed light on the company's recent strategic acquisition of tvScientific, which allows advertisers to connect with high-intent customers through connected TV (CTV) inventory. Moreover, this move will make advertising more effective by sending high-intent signals to advertisers through the Show less Read more
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