Pinterest (PINS) Receives $31.00 Average Target Price from Brokerages

Shares of Pinterest (NASDAQ:PINS) have been given an average rating of “Hold” by the sixteen research firms that are currently covering the stock, MarketBeat reports. Twelve analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $30.44.

Several research analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Pinterest in a research report on Monday. They issued a “neutral” rating and a $31.00 price target for the company. Bank of America assumed coverage on shares of Pinterest in a research report on Monday. They issued a “neutral” rating for the company. Goldman Sachs Group assumed coverage on shares of Pinterest in a research report on Monday. They issued a “neutral” rating and a $25.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Pinterest in a research report on Monday. They issued a “neutral” rating and a $32.00 price target for the company. Finally, Deutsche Bank assumed coverage on shares of Pinterest in a research report on Monday. They issued a “hold” rating for the company.

In other news, Director Fredric G. Reynolds acquired 40,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was bought at an average price of $27.04 per share, with a total value of $1,081,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NASDAQ:PINS opened at $29.05 on Friday. Pinterest has a 12-month low of $23.05 and a 12-month high of $35.29.

Pinterest Company Profile

There is no company description available for Pinterest Inc

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Analyst Recommendations for Pinterest (NASDAQ:PINS)

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