from $58 to $72 on October 29. Along with the price target update, he maintained a Buy rating.
Shares of PINS surged 28% in after-hours trading, implying that the coronavirus impact was more than just a one-time occurrence, in Post's opinion. "We think Street sees strong progress with shopping initiatives, and has more confidence in long-term ARPU expansion," he noted. "Overall Q3 engagement and search volume moderated somewhat from Q2 highs but remained well above preCOVID-19 levels. We think the increase in under 25 users and growth in search usage suggest Pinterest is becoming an increasingly relevant shopping site," Post opined.
😂the US is in a f’kin recession right now with high unemployment and you think that stocks are not going to feel the effects of another republiCon caused depression! Because that’s where we are headed😂😂😂
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