Pinterest Stock Soars on Upbeat Forecast, Revenue Beat

Shares of Pinterest Inc (NYSE:PINS) are up 10.7% at $30.83 at last glance, after the social media platform issued a stronger-than-expected current-quarter forecast. First-quarter revenue of$855 topped estimates, while adjusted earnings of 23 cents per share came in just below expectations. A flood of analysts chimed in with price-target adjustments after the event. No fewer than seven raised their price targets, the highest coming from Citigroup to $41 from$38. On the other side of the coin, six issued pr ...