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Fly News Breaks for February 5, 2020
PINS
Feb 5, 2020 | 08:33 EDT
Loop Capital analyst Rob Sanderson initiated coverage of Pinterest with a Buy rating and $29 price target. The analyst sees the company among the "most interesting" SMID stocks given its "great" potential as an advertising / eCommerce platform. Sanderson adds that while the user engagement does not have the same high-frequency as other social media peers, its network is showing a healthy user growth with MAUs rising 28% in Q3 and ARPU rising 23% year-to-date.
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