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Major firm rating | Piper Sandler: Downgraded Pinterest's rating to "Neutral", with the Target Price reduced to $36.
On December 10, Gelonghui reported that Piper Sandler downgraded the rating of the image-sharing platform Pinterest from "Shareholding" to "Neutral," reducing the Target Price from $41 to $36, citing insufficient confidence in the product roadmap and the ability for sustained revenue growth. (Gelonghui)
This Pinterest Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday