Pinterest price target lowered to $16 from $30 at Wedbush

Wedbush analyst Scott Devitt lowered the firm’s price target on Pinterest (PINS) to $16 from $30 and keeps a Neutral rating on the shares. The firm notes Pinterest reported Q4 results below expectations. Next quarter, Pinterest anticipates revenue growth of up 12.5% year-over-year at the midpoint, below Street estimates by 230bps, and adjusted EBITDA guidance…


Pinterest price target lowered to  from  at Wedbush
Pinterest price target lowered to  from  at Wedbush

Wedbush analyst Scott Devitt lowered the firm’s price target on Pinterest (PINS) to $16 from $30 and keeps a Neutral rating on the shares. The firm notes Pinterest reported Q4 results below expectations. Next quarter, Pinterest anticipates revenue growth of up 12.5% year-over-year at the midpoint, below Street estimates by 230bps, and adjusted EBITDA guidance of $166M to $186M was below initial expectations by $29M at the midpoint, Wedbush adds.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on PINS:

Disclaimer & DisclosureReport an Issue

Source link