Analysts Are Revising Price Targets of These 5 Stocks Post Earnings

2. Pinterest, Inc. (NYSE:PINS)

Number of Hedge Fund Holders: 68

Morgan Stanley lifted its price target for Pinterest, Inc. (NYSE:PINS) from $19 per share to $22 per share on Tuesday, February 7. Referring to the company’s latest earnings report, analyst Brian Nowak said Pinterest exhibited discipline and improved operational efficiency. Nowak believes the image-sharing platform will be able to improve profitability and decrease operating costs over the next couple of years.

Earlier this week, Pinterest, Inc. (NYSE:PINS) posted mixed financial results for the fourth quarter. It reported earnings of 29 cents per share, beating estimates of 27 cents. However, on the downside, the quarterly sales of $877 million were below the consensus of $886.3 million.

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