Why Pinterest Stock Was Climbing Today
Shares of Pinterest (NYSE: PINS) were moving higher today after the image-discovery network got a bullish analyst note from Deutsche Bank. As of 11:05 a.m. EDT, the stock was up 3.2% after gaining as much as 5.6%.
Deutsche Bank analyst Lloyd Walmsley lifted his price target on Pinterest from $43 to $55 and kept a buy rating on the stock. Walmsley lifted his price target on a number of social media stocks, including Snap and Twitter, and said he expected a strong round of results for the third quarter from the trio.
Image source: Pinterest.
Source Fool.com