Pinterest Price Target Hiked to $25 by Royal Bank Of Canada

Royal Bank Of Canada analysts have increased Pinterest's price target to $25.00 from $23.00, suggesting a potential downside of 2.31% from the current stock price.

This is not the only positive note on Pinterest; Piper Sandler has also reiterated a 'neutral' rating with a $26.00 price target (up from $21.00), and Cantor Fitzgerald has an 'overweight' rating with a $30.00 target price.

Pinterest's second-quarter revenue rose 18.2% year over year to $1.18 billion, exceeding the consensus estimate of $1.15 billion.