Pinterest Stock Gains Traction With Instacart Deal, Multiple Analyst Upgrades
1. Pinterest stock sees bullish upgrades, raising price forecasts significantly. 2. Morgan Stanley upgraded to Overweight, raising forecast from $37 to $45. 3. A partnership with Instacart will enhance ad targeting and shopping experience. 4. Pinterest has rebounded 60% from early April and is up 32% year-to-date. 5. Analysts highlight strong user growth and improved monetization strategies.