Skip to main content

Market Overview

This Pinterest Analyst Is Very Bullish, Bumps Up Price Target By 15%

Share:
This Pinterest Analyst Is Very Bullish, Bumps Up Price Target By 15%

Pinterest Inc (NYSE: PINS) has been in focus this week on insider sales and RBC Capital Markets bumped up the price target by 15%.

The platform is likely to experience steady user growth going forward and growing engagement, “driven by international and increasing personalization,” according to Raymond James.

The Analyst: Aaron Kessler initiated coverage of Pinterest with an Outperform rating and a price target of $33.

The Thesis: The company has a “unique visual discovery platform” and its users typically have high commercial intent, which makes the platform attractive for advertisers, Kessler said in the initiation note.

Check out other analyst stock ratings.

The analyst expects Pinterest to generate more than 10% revenue growth in the long term, driven by:

  • Investments in Pinner products including increasing personalization.
  • Investments in rich media content including video.
  • Increasing relevance of its platform to emerging audiences, like Gen Z.
  • Investments in new ad products and capabilities as well as advertiser expansion
  • Pinterest’s aim to “make every product that a user encounters on Pinterest shoppable.”
  • International monetization, as “Pinterest is still early on in its journey of international monetization.”

Kessler added that the company could generate more than 30% EBITDA margins in the long term.

PINS Price Action: Shares of Pinterest had risen by 1.54% to $27.75 at the time of writing Thursday.

Image: Courtesy of Pinterest

 

Related Articles (PINS)

View Comments and Join the Discussion!

Posted-In: Aaron Kessler Expert Ideas Raymond JamesAnalyst Color News Initiation Top Stories Analyst Ratings

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
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.
SPAC
Everything you need to know about the latest SPAC news.
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