Merrill Lynch analyst Justin Post reiterated a Buy rating on Pinterest (NYSE:PINS) Inc on Thursday, setting a price target of $72, which is approximately 46.19% above the present share price of $49.25.
Post expects Pinterest Inc to post earnings per share (EPS) of -$0.17 for the fourth quarter of 2020.
The current consensus among 21 TipRanks analysts is for a Moderate Buy rating of shares in Pinterest, with an average price target of $46.28.
The analysts price targets range from a high of $72 to a low of $28.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $272.49 million and a net profit of -$104.53 million. The company's market cap is $31.83 billion.
According to TipRanks.com, Merrill Lynch analyst Justin Post is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.0% and a 75.62% success rate.
Pinterest, Inc. engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp (OTC:SHCAY) in October 2008 and is headquartered in San Francisco, CA.