Wedbush analyst Scott Devitt lowers Pinterest’s price target to $16 from $30, citing Q4 results below expectations. Revenue growth expected to be up 12.5% year-over-year, below Street estimates by 230bps. Adjusted EBITDA guidance of $166M to $186M falls short by $29M at the midpoint. Neutral rating maintained on shares.

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Read more at Yahoo Finance: Pinterest price target lowered to $16 from $30 at Wedbush