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Why Pinterest Stock Jumped Today

TheMotleyFool

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Why Pinterest Stock Jumped Today: https://g.foolcdn.com/editorial/images/703847/ipad-home-feed.JPG

Shares of the image-sharing platform Pinterest (NYSE: PINS) popped today after an analyst upgraded the company's stock to a buy rating.

Investors jumped on the news and sent the social media stock up 3.6% as of 10:48 a.m. ET.

Goldman Sachs analyst Eric Sheridan upgraded Pinterest to a buy rating from the previous neutral rating and gave it a price target of $31, up from $24.

Source Fool.com

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