Wells Fargo (NYSE:WFC) analyst Brian Fitzgerald maintained a Buy rating on Pinterest (NYSE:PINS) on Monday, setting a price target of $59, which is approximately 10.32% below the present share price of $65.79.
Fitzgerald expects Pinterest to post earnings per share (EPS) of -$0.16 for the fourth quarter of 2020.
The current consensus among 23 TipRanks analysts is for a Moderate Buy rating of shares in Pinterest, with an average price target of $68.14.
The analysts price targets range from a high of $80 to a low of $28.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $442.62 million and a net profit of -$97.03 million. The company's market cap is $41.32 billion.
According to TipRanks.com, Wells Fargo analyst Brian Fitzgerald is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 38.3% and a 80.19% 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.