DOW JONES25,409.36-357.28 -1.39%
S&P 5002,954.22-24.54 -0.82%
NASDAQ8,567.37+0.89 0.01%

UPDATE: Wells Fargo Upgrades Pinterest to Overweight, Raises Price Target to $30 As Firm Cites 4 Reasons:

1) engagement gains ongoing platform optimization and more video on the platform 2) global monetization improvement from ongoing ad tech platform investments and the roll-out of self-service  3) narrowing of the1) engagement gains ongoing platform optimiz

Benzinga · 01/17/2020 15:21

1) engagement gains ongoing platform optimization and more video on the platform

2) global monetization improvement from ongoing ad tech platform investments and the roll-out of self-service 

3) narrowing of the

1) engagement gains ongoing platform optimization and more video on the platform

2) global monetization improvement from ongoing ad tech platform investments and the roll-out of self-service 

3) narrowing of the international monetization gap as PINS expands its international salesforce 

4) margin expansion as we expect PINS to continue to drive operating leverage from the cost of revenue, sales and marketing, and G&A.