- Shares of Pinterest surged 17% in premarket trading on Tuesday after a strong quarterly performance indicated that the image-sharing platform was riding a rebound in the advertising market and making inroads among the lucrative Gen Z.
Wall Street lauded the results. At least 19 analysts raised their price targets on the stock, boosting the median to $35, per LSEG data. "If the company can convert that intent to revenues over the next few years, then we can see a pathway to further revenue acceleration beyond our base case and closing the gap to more intentional, shopping-heavy peers," Schmulik said.
Shakedown or smart business? Quebec restaurants balk at hefty penalty for using competitor's payment machines Warren Buffett's idea to borrow money in Japan at rock-bottom interest rates and invest it in high-yielding stocks was inspired, Charlie Munger says.5 reasons the S&P 500 will rally in year-end and 2024 after entering a correction, Wall Street strategist says
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