Market Overview

Why Pinterest's Stock Is Trading Higher Today

Share:
Why Pinterest's Stock Is Trading Higher Today

Pinterest (NYSE: PINS) shares are trading higher on Friday after Wells Fargo maintained its Overweight rating on the stock and raised its price target from $40 to $52 per share.

Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from recipes to cook to destinations to travel to. Founded in 2010, the platform consists of a largely female audience, at roughly two thirds of its more than 365 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features.

Pinterest shares traded up 4.40% to $45.56 on Friday. The stock has a 52-week high of $45.84 and a 52-week low of $10.10.

Latest Ratings for PINS

DateFirmActionFromTo
Jan 2021StifelInitiates Coverage OnBuy
Jan 2021Piper SandlerInitiates Coverage OnNeutral
Jan 2021KeyBancMaintainsOverweight

View More Analyst Ratings for PINS
View the Latest Analyst Ratings

 

Related Articles (PINS)

View Comments and Join the Discussion!

Posted-In: why it's movingPrice Target Analyst Ratings

Latest Ratings

StockFirmActionPT
TSLAJP MorganMaintains125.0
INTCTruist SecuritiesMaintains64.0
FBTruist SecuritiesMaintains320.0
GSCitigroupMaintains370.0
AAPLCowen & Co.Maintains153.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com