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Shares of
Pinterest Inc (NYSE: PINS) fell Wednesday after reporting first-quarter earnings. Analysts were impressed with the strong user growth, but worry about the sustainability of growth after the pandemic.
Pinterest reported quarterly earnings of 11 cents per share, which beat the analyst consensus estimate of 7 cents. The company reported quarterly sales of $485.23 million, which beat the analyst consensus estimate of $473.66 million.
The Pinterest Analysts: Credit Suisse analyst Stephen Ju reiterates a Neutral rating on Pinterest
and with a price target of $97.
KeyBanc analyst Justin Patterson reiterates an Overweight rating and lowers the price target from $92 to $89.
Rosenblatt Securities analyst Mark Zgutowicz reiterates a Neutral rating and lowers the price target from $90 to $70.
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