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Wells Fargo Sticks to Its Buy Rating for Pinterest (PINS)

Tipranks - Tipranks - Thu Mar 5, 7:02AM CST

In a report released today, Ken Gawrelski from Wells Fargo maintained a Buy rating on Pinterest, with a price target of $27.00.

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Gawrelski covers the Consumer Cyclical sector, focusing on stocks such as Amazon, eBay, and Etsy. According to TipRanks, Gawrelski has an average return of 6.5% and a 51.38% success rate on recommended stocks.

In addition to Wells Fargo, Pinterest also received a Buy from TipRanks – Google’s Google Internet Content and Information in a report issued today. However, on the same day, TipRanks – xAI reiterated a Hold rating on Pinterest (NYSE: PINS).

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Based on Pinterest’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.32 billion and a net profit of $277.07 million. In comparison, last year the company earned a revenue of $1.15 billion and had a net profit of $1.85 billion

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