Pinterest price target lowered to $16 from $30 at Wedbush

Group 1 - Wedbush analyst Scott Devitt lowered the price target on Pinterest (PINS) to $16 from $30, maintaining a Neutral rating on the shares [1] - Pinterest reported Q4 results that were below expectations, indicating a potential concern for investors [1] - For the next quarter, Pinterest anticipates revenue growth of 12.5% year-over-year at the midpoint, which is below Street estimates by 230 basis points [1] Group 2 - The adjusted EBITDA guidance for Pinterest is set at $166 million to $186 million, which is below initial expectations by $29 million at the midpoint [1]