Pinterest (PINS) Coverage Initiated by Analysts at Credit Suisse Group

Share on StockTwits

Credit Suisse Group assumed coverage on shares of Pinterest (NASDAQ:PINS) in a report released on Monday morning, BenzingaRatingsTable reports. The firm issued a neutral rating and a $28.00 target price on the stock.

Other analysts have also issued reports about the company. Barclays initiated coverage on Pinterest in a research note on Monday. They issued an equal weight rating and a $28.00 target price for the company. Bank of America initiated coverage on Pinterest in a research note on Monday. They issued a neutral rating and a $32.00 target price for the company. Goldman Sachs Group initiated coverage on Pinterest in a research note on Monday. They issued a neutral rating and a $25.00 target price for the company. JPMorgan Chase & Co. initiated coverage on Pinterest in a research note on Monday. They issued a neutral rating and a $32.00 target price for the company. Finally, UBS Group initiated coverage on Pinterest in a research note on Monday. They issued a neutral rating and a $31.00 target price for the company. Twelve analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Pinterest presently has a consensus rating of Hold and an average price target of $30.62.

Pinterest stock opened at $28.99 on Monday. Pinterest has a 52-week low of $23.05 and a 52-week high of $35.29.

In other news, Director Fredric G. Reynolds acquired 40,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was purchased at an average cost of $27.04 per share, for a total transaction of $1,081,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

About Pinterest

There is no company description available for Pinterest Inc

See Also: Understanding Relative Strength Index

Analyst Recommendations for Pinterest (NASDAQ:PINS)

Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter.