Pinterest’s Strategic Advancements and Partnerships Justify Buy Rating
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Justin Post has given Pinterest a Buy rating due to its strategic advancements in advertising, including new ad formats like Top of Search ads and Local Inventory Ads. These innovations, showcased at the Pinterest Presents event, reflect a shift towards commerce and AI-enhanced ad performance. Partnerships with Shopify and Instacart Ads aim to improve advertiser workflows. Citi also reiterated a Buy rating with a $50 price target. Post has a 25.2% average return and a 72.73% success rate on stock recommendations.
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