Pinterest (PINS) receives bullish calls from Wall Street analysts, with price forecasts raised. Morgan Stanley upgrades stock to Overweight with $45 price target. Wedbush and KeyBanc also increase price targets. UBS, TD Cowen, Wells Fargo, and Citigroup maintain Buy ratings with higher price forecasts. JPMorgan and analysts cite user growth, monetization, and partnerships as key drivers for upgrade.
Pinterest partners with Instacart to enhance shoppability and ad targeting. Advertisers gain access to Instacart’s data for precise targeting. Closed-loop measurement in the works to link Pinterest ad exposure with Instacart product sales. Ads now integrated with Instacart for seamless user experience and immediate purchases.
Technical analysis shows Pinterest trading between $23.68 and $42.02. After a 39% drop from peak to April lows, stock rebounds over 60% and is up 32% year to date. Positive outlook fueled by user growth, partnerships, and ad targeting improvements. Analysts’ optimistic forecasts signal confidence in Pinterest’s future performance.
Read more at Yahoo Finance: Pinterest Stock Gains Traction With Instacart Deal, Multiple Analyst Upgrades