Stock Track | Pinterest Plummets 5% Intraday as Analysts Slash Price Targets

Stock Track02-04 00:22

Pinterest, Inc. (PINS) saw its stock price plummet by 5.00% during intraday trading on Tuesday.

The decline followed a series of analyst price target cuts. Bernstein reduced its target to $32 from $40, Mizuho cut its target to $35 from $45, and KeyBanc lowered its target to $35 from $40, citing more conservative growth outlooks and valuation multiples.

These downward revisions reflect growing concerns about the company's future growth prospects and financial metrics, prompting investor sell-off.

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