Pinterest (PINS) Receives a Rating Update from a Top Analyst

Monness analyst Brian White maintained a Hold rating on Pinterest (PINSResearch Report) today. The company’s shares closed last Thursday at $72.04.

According to TipRanks.com, White is a top 100 analyst with an average return of 28.6% and a 77.4% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Alphabet Class A, and Salesforce.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pinterest with a $72.54 average price target, which is a 0.7% upside from current levels. In a report released today, J.P. Morgan also downgraded the stock to Hold with a $68.00 price target.

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The company has a one-year high of $89.90 and a one-year low of $24.24. Currently, Pinterest has an average volume of 10.46M.

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Founded in 2000, California-based Pinterest, Inc. provides a visual discovery engine in the United States and internationally. The company operates a pinboard-style photo-sharing website and allows users to create and manage theme-based image collections such as events, interests, and hobbies.