Guggenheim upgraded Pinterest to Buy from Neutral on March 24, 2025, and raised its price target to $40 from $39. The firm cited strong fundamentals and significant growth potential in user engagement, monetization, and profitability.
Guggenheim expects monetization to grow at above-average rates, indicating confidence in Pinterest's ability to convert its user base into higher revenue. This positive outlook suggests a belief in the company's strategic execution.
The analyst firm views the recent share price pullback as an attractive opportunity to invest in Pinterest's early-stage global user, monetization, and profit growth. This upgrade reflects a bullish long-term perspective on the company's trajectory.
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