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Cantor Fitzgerald Sticks to Its Buy Rating for Pinterest (PINS)

Tipranks - Tipranks - Sat Feb 14, 6:58AM CST

In a report released today, Deepak Mathivanan from Cantor Fitzgerald reiterated a Buy rating on Pinterest, with a price target of $18.00.

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According to TipRanks, Mathivanan is a 5-star analyst with an average return of 16.7% and a 58.86% success rate. Mathivanan covers the Consumer Cyclical sector, focusing on stocks such as Amazon, TripAdvisor, and Jumia Technologies AG.

In addition to Cantor Fitzgerald, Pinterest also received a Buy from Stifel Nicolaus’s Mark Kelley in a report issued today. However, on the same day, Piper Sandler maintained a Hold rating on Pinterest (NYSE: PINS).

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Based on Pinterest’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.05 billion and a net profit of $92.11 million. In comparison, last year the company earned a revenue of $898.37 million and had a net profit of $30.56 million

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