Piper Sandler downgraded Pinterest Inc. to 'neutral' from 'overweight' on December 10, 2024. This downgrade reflects a more cautious outlook from the firm.
The decision was prompted by mixed performance in recent quarters, raising questions about the company's consistency. Concerns were specifically raised regarding Pinterest’s ability to meet growth expectations for 2024.
This analyst action indicates that some market participants are re-evaluating Pinterest's growth trajectory and potential challenges in its business model.
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