Pinterest Stock Gains on JPMorgan Rating Upgrade, Price Target Raise
Key Takeaways
- Pinterest shares rose in premarket trading Tuesday after JPMorgan analysts upgraded their rating and lifted their price target on the social media stock.
- The analysts lifted the stock to “overweight” from “neutral,” and bumped their price target to $40 from $35.
- The analysts said Pinterest is improving its user numbers and ad technology, both of which should help drive revenue.
Pinterest (PINS) shares rose in premarket trading Tuesday after JPMorgan analysts upgraded their rating and lifted their price target on the social media stock.
The analysts lifted the stock to “Overweight” from “Neutral,” and bumped their price target to $40 from $35. That brings JPMorgan in line with most other analysts covering the stock who…
