Pinterest’s stock scores an upgrade as analyst cheers ‘fundamental inflection point’

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Pinterest’s stock scores an upgrade as analyst cheers ‘fundamental inflection point’
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Shares of Pinterest Inc. were rallying about 3% in Monday’s after-hours action after Evercore ISI analyst Mark Mahaney turned bullish on the social-media...

Shares of Pinterest Inc.

were rallying about 3% in Monday’s after-hours action after Evercore ISI analyst Mark Mahaney turned bullish on the social-media stock. Mahaney is more upbeat about Pinterest amid signs of stabilization in the digital-ad market and “increasing evidence” that the company is getting results out of the operational improvements it’s made under Chief Executive Bill Ready, who took over the top post just over a year ago.

were rallying about 3% in Monday’s after-hours action after Evercore ISI analyst Mark Mahaney turned bullish on the social-media stock. Mahaney is more upbeat about Pinterest amid signs of stabilization in the digital-ad market and “increasing evidence” that the company is getting results out of the operational improvements it’s made under Chief Executive Bill Ready, who took over the top post just over a year ago.

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