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PINS

Pinterest

$26.69

0.68 (2.61%)

08:25
05/20/19
05/20
08:25
05/20/19
08:25

Pinterest price target raised to $23 from $16.50 at DA Davidson

DA Davidson analyst Tom Forte raised his price target on Pinterest to $23 after his recent discussions with its management, saying he is more confident in its ability to "monetize its international audience." The analyst notes that the company's international average revenue per user increased 60% in the most recent quarter - a "big jump" from 28.6% in the prior quarter - calling the rebound from the slowdown earlier in 2018 "encouraging". Forte is also positive on Pinterest's potential to generate more international ad revenue growth through entering new markets, rolling out new products, and increasing its ad load.

PINS Pinterest
$26.69

0.68 (2.61%)

05/13/19
BARD
05/13/19
INITIATION
Target $36
BARD
Outperform
Pinterest initiated with an Outperform at Baird
Baird analyst Colin Sebastian initiated Pinterest with an Outperform rating and $36 price target, stating that he expects the company to top $1B in revenue this year given its engaged and fast-growing audience and developing ad business. He sees Pinterest having significant runway for growth from international monetization and contributions from shopping/ecommerce as well as operating leverage, Sebastian tells investors.
05/13/19
05/13/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Pinterest (PINS) initiated with an Outperform at Baird, a Buy at Citi, a Sector Perform at RBC Capital, a Hold at Deutsche Bank, a Neutral at Credit Suisse, UBS, BofA/Merrill, Goldman Sachs, and JPMorgan, and an Equal Weight at Barclays. 2. Zoom Video (ZM) initiated with an Overweight at JPMorgan and Piper Jaffray, a Buy at BofA/Merrill, a Market Perform at Wells Fargo and JMP Securities, a Sector Perform at RBC Capital, a Sector Weight at KeyBanc, an Equal Weight at Morgan Stanley, a Hold at Stifel, and a Neutral at Credit Suisse and Goldman Sachs. 3. Turning Point Therapeutics (TPTX) initiated with an Outperform at Wells Fargo and a Buy at Canaccord and Goldman Sachs. 4. Brigham Minerals (MNRL) initiated with an Overweight at Piper Jaffray and Barclays, an Outperform at Wells Fargo, RBC Capital, and Credit Suisse, and a Buy at Goldman Sachs and UBS. 5. Brainsway (BWAY) initiated with an Outperform at Raymond James and Oppenheimer, a Buy at Ladenburg, and Overweight at Cantor Fitzgerald. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/17/19
BARD
05/17/19
NO CHANGE
Target $36
BARD
Outperform
Pinterest earnings selloff an attractive buying opportunity, says Baird
Baird analyst Colin Sebastian views today's post-earnings selloff in shares of Pinterest as an attractive buying opportunity. The stock in premarket trading is down 15%, or $4.64, to $26.22 following last night's Q1 results. Pinterest reported results confirming the company's preliminary Q1 numbers, with a modest uptick in full-year guidance, Sebastian tells investors in a research note. While some media headlines suggest a revenue and/or earnings miss, this is largely "noise" as a few high-end estimates skewed the consensus, says the analyst. He believes Pinterest's "ongoing strength" in U.S. advertising growth and early signs of traction from its international growth efforts are more important. As such, Sebastian believes the company's fundamentals are intact and he keeps an Outperform rating on the name with a $36 price target.
05/17/19
LEHM
05/17/19
NO CHANGE
Target $28
LEHM
Equal Weight
Pinterest shares likely to trade sideways or down from here, says Barclays
Barclays analyst Ross Sandler says he's not surprised to see shares of Pinterest down 15% following the company's in-line results given the run-up to a 14 times revenue valuation ahead of the print. From here, the analyst expect shares to trade "sideways to down for a bit" until the valuation is "compelling enough compared to its peers." This is somewhere in the low $20s per share, says the analyst, who adds he'd become more constructive on Pinterest at those levels. Sandler has an Equal Weight rating on the name with a $28 price target.

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