Wedbush analyst Scott Devitt lowered the agency’s worth goal on Pinterest (PINS) to $16 from $30 and retains a Impartial score on the shares. The agency notes Pinterest reported This fall outcomes under expectations. Subsequent quarter, Pinterest anticipates income development of up 12.5% year-over-year on the midpoint, under Road estimates by 230bps, and adjusted EBITDA steering of $166M to $186M was under preliminary expectations by $29M on the midpoint, Wedbush provides.
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