Analyst Sees Buying Opportunity in Pinterest

Pinterest Inc (NYSE:PINS) stock is 4.3% higher in premarket trading, after Guggenheim raised its rating from "neutral" to "buy" and increased the price target from $39 to$40. The analyst cited PINS' recent pullback as an attractive entry point for investors, highlighting the company's ongoing global user growth and monetization potential.The equity has struggled of late, shedding 25.7% over the past nine months. However, last week saw Pinterest stock snap a five-week losing streak, as it continues to benef ...