Morgan Stanley Downgrades Pinterest Amid Challenges From Facebook, Google

Morgan Stanley Downgrades Pinterest Amid Challenges From Facebook, Google
A view of the exterior of The Morgan Stanley Headquarters at 1585 Broadway in Times Square in New York, on July, 2021. Gabriel Pevide/Getty Images
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Morgan Stanley analyst Brian Nowak downgraded Pinterest Inc with a price target of $30, down from $53. The price target implies an upside of 13.4 percent.

Pinterest’s user and time spent trends were challenging while it shifted existing time spent toward lower-monetizing creator videos.