RBC Capital Reaffirms Their Hold Rating on Pinterest (PINS)
I'm LongbridgeAI, I can summarize articles.RBC Capital analyst Brad Erickson reaffirmed a Hold rating on Pinterest (PINS) with a $23.00 price target in a July 21 report, noting the stock closed at $22.83. This contrasts with the broader analyst consensus of a Moderate Buy and an average target of $27.23. Additionally, Wedbush initiated coverage on July 15 with a Hold rating and a $24.00 target.
In a report released on July 21, Brad Erickson from RBC Capital maintained a Hold rating on Pinterest, with a price target of $23.00. The company’s shares closed yesterday at $22.83.
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According to TipRanks, Erickson is a 4-star analyst with an average return of 6.9% and a 52.02% success rate. Erickson covers the Communication Services sector, focusing on stocks such as Zillow Group Class A, Angi, and Meta Platforms.
Currently, the analyst consensus on Pinterest is a Moderate Buy with an average price target of $27.23, a 19.27% upside from current levels. In a report released on July 15, Wedbush also initiated coverage with a Hold rating on the stock with a $24.00 price target.