Here is Why Pinterest Inc. (PINS) is Favored by Hedge Funds

Core Viewpoint - Pinterest Inc. (NYSE:PINS) is viewed positively by analysts, with expectations of significant upside potential despite some target price adjustments [1][2]. Group 1: Analyst Ratings and Price Targets - Shweta Khajuria from Wolfe Research maintains a Buy rating on Pinterest, revising the target price from $36 to $33, while anticipating a 20% upside potential [1]. - BMO Capital analyst Brian Pitz also reaffirms an outperform rating with a price target of $35, suggesting an upside of over 27% [2]. Group 2: Strategic Developments - Pinterest's recent acquisition of tvScientific is highlighted, which enhances advertisers' ability to connect with high-intent customers through connected TV inventory, improving advertising effectiveness [3]. - The company is noted for having a healthy balance sheet, with more cash than debt, indicating financial stability [3]. Group 3: Company Overview - Pinterest operates as an online visual search and discovery platform globally, enabling users to share and search for a variety of ideas across multiple topics, which is crucial for engaging with advertisers [4].