Wolfe Research upgraded its rating for Pinterest to Outperform from Peer Perform on May 15, 2025, maintaining a $40 per share price target. This upgrade reflects a more positive outlook from the firm.
The firm noted that Pinterest's first-quarter earnings and second-quarter guidance were 'reasonable,' indicating solid financial performance. Wolfe Research also observed that the macroeconomic overhang on the company appeared more muted.
This analyst action suggests that Wolfe Research sees continued potential for Pinterest's stock, driven by its execution and a more favorable market environment.
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