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Why Pinterest Stock Popped on Tuesday

TheMotleyFool

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Shares of one-time social media upstart Pinterest (NYSE: PINS) -- which at one time sported a stock price more than twice the $29 and change it costs today -- are inching ever so slowly back toward their highs of yesteryear. As of 11:35 a.m. ET Tuesday, the company's stock is up a solid 2%.

You can thank the friendly analysts at Evercore ISI for that.

In a note by StreetInsider this morning, investment bank Evercore laid out four main reasons why it's upgrading Pinterest stock to outperform and raising its price target to $41 -- the highest estimate currently on Wall Street.

Source Fool.com

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