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KeyBanc Remains a Buy on Pinterest (PINS)

Tipranks - Tipranks - Thu Oct 29, 4:48AM CDT

In a report released today, Justin Patterson from KeyBanc maintained a Buy rating on Pinterest, with a price target of $28.00.

According to TipRanks, Patterson is a 4-star analyst with an average return of 5.6% and a 45.73% success rate. Patterson covers the Communication Services sector, focusing on stocks such as Meta Platforms, Spotify, and Alphabet Class A.

In addition to KeyBanc, Pinterest also received a Buy from TD Cowen’s John Blackledge in a report issued on October 23. However, on October 20, RBC Capital maintained a Hold rating on Pinterest (NYSE: PINS).

See Insiders’ Hot Stocks on TipRanks >>

Based on Pinterest’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.18 billion and a GAAP net loss of $46.67 million. In comparison, last year the company earned a revenue of $998.23 million and had a net profit of $38.76 million

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