with a neutral rating and $16.50 price target. The company is expected to go public later this month. Pinterest "provides consumers an impressive visual-based discovery platform for merchandise and advertisers a large and growing global base of consumers with purchase intent," wrote Forte, which is a "powerful combination" that could drive revenue and profit growth over the long run, in his view.
Atlantic Equities analyst James Cordwell initiated coverage of Pinterest with an overweight rating and a $23 year-end price target on Tuesday. Pinterest is expected to go public soon. The online photo-sharing company set a price range of $15 to $17 a share on Monday, which would give the company a valuation of up to $11 billion, below the $12.3 billion it fetched in a 2017 private funding round.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Explainer: How 5G drove moves by Apple, Qualcomm and IntelApple Inc and Qualcomm Inc on Tuesday settled an acrimonious two-year legal disp... Nice
Source: Reuters - 🏆 2. / 97 Read more »
Fried chicken vs $13: Apple, Qualcomm explain claims to jury as trial opensApple Inc and Qualcomm Inc on Tuesday opened a complex trial with the iPhone mak... They settled Too many trivial patents for too long. Remember when apple tried to patent a square icon? Patents should have a limited lifetime of no more than 20 years. Especially in the fast moving technology industry.
Source: Reuters - 🏆 2. / 97 Read more »
Pinterest readies $1.3-billion IPO with anti social media marketing campaignThe San Francisco startup, which operates like an online bulletin board, claims its 250 million monthly users are looking for things to buy, giving it an edge over peers such as Snap and Twitter. The company expects to shell shares for as much as $17 a piece.
Source: latimes - 🏆 11. / 82 Read more »
Apple and Qualcomm settle their war over patented tech used in iPhonesApple Inc. and Qualcomm Inc. have ended their worldwide, multibillion-dollar dispute over a technology used in iPhones, the two tech titans announced Tuesday. Apple is also upset over the early release of this instrumental tune on Soundcloud: Listen to Gravity (Your Love Is) by The Returning np on SoundCloud
Source: latimes - 🏆 11. / 82 Read more »
Pinterest prices IPO at $19 a share, valuation tops $10 billionPinterest Inc. priced its initial public offering higher than expected Wednesday, raising more than $1.4 billion and valuing the company at more than $10... short that into oblivion, instagram is essentially eating their lunch already I smell another short I have a feeling this will be a good short.
Source: MarketWatch - 🏆 3. / 97 Read more »
Tesla holdings slashed by T. Rowe Price funds in latest cuts by investorT. Rowe Price funds slashed Tesla Inc holdings in the first quarter, data showed...
Source: Reuters - 🏆 2. / 97 Read more »
Amgen sets $21,900 annual price for new Evenity bone drugAmgen Inc on Monday set the U.S. list price for its new Evenity osteoporosis dru... $1,825 a month... including greatly increased chance of heart problems.. Big molecules cost big bucks. Are you sure they didn’t discount it to $21,899.00
Source: Reuters - 🏆 2. / 97 Read more »
Qualcomm stock surges more than 20% as Apple agrees to settlementApple Inc. and Qualcomm Inc. agreed on Tuesday to drop all their lawsuits against each other worldwide, causing Qualcomm's stock to pop. Qualcomm shares... Potential bad news for Huawei?
Source: MarketWatch - 🏆 3. / 97 Read more »
Qualcomm stock jumps 23 percent on surprise settlement with AppleQualcomm Inc on Tuesday won a major victory in its wide-ranging legal dispute wi...
Source: Reuters - 🏆 2. / 97 Read more »
Zuckerberg compensation more than doubles with $22.6 million Facebook paycheckFacebook Inc Chief Executive Officer Mark Zuckerberg's compensation for 201... Live murder videos pay well, it would seem. Somebody is going to be paying a lot of taxes. But there still should be a few bucks left over to live on. I am not worried. I saw a head like this on a Roman coin. They must have had the same barber.
Source: Reuters - 🏆 2. / 97 Read more »
Netflix's CEO Reed Hastings to leave Facebook's boardReed Hastings, chairman and chief executive of Netflix Inc. , will be leaving Facebook Inc.'s board along with Erskine Bowles, president emeritus of...
Source: MarketWatch - 🏆 3. / 97 Read more »