- Bank of America highlights Pinterest for significant revenue growth in 2024, driven by strategic partnerships and AI integration
- Wedbush maintains a “Neutral” rating on Pinterest but raises the price target to $46, indicating a potential upside of 5.73%
- Pinterest’s stock shows a stable trading pattern with a year’s high of $45.185 and a low of $23.59, reflecting growth potential amidst market volatility
Bank of America has recently highlighted Pinterest (NYSE: PINS) as a key stock to watch in the latter half of 2024, emphasizing its potential for significant revenue growth. This interest in Pinterest is part of a larger analysis focusing on over 100 market catalysts, particularly within the internet and e-commerce sectors. Pinterest’s anticipated revenue boost is attributed to its strategic third-party partnerships, a notable collaboration with Google, and the integration of innovative AI tools. These initiatives are expected to generate around $140 million in partnership revenues for 2024, showcasing Pinterest’s proactive approach to leveraging technology and partnerships to drive growth.
In a related development, Wedbush maintained a “Neutral” rating on Pinterest, with analyst Scott Devitt setting a new price target of $46, up from its current price of approximately $43.51. This adjustment reflects a modest optimism about Pinterest’s stock, suggesting a potential upside of…
For more information, visit the company’s website at www.Pinterest.com
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