
Pinterest Shares Pop as Elliott Management Takes $1 Billion Stake
Pinterest shares surged 8% after activist investor Elliott Management disclosed a $1 billion stake in the company.
20 stories found

Pinterest shares surged 8% after activist investor Elliott Management disclosed a $1 billion stake in the company.
Multiple financial institutions have updated their ratings and price targets for various companies, including Wells Fargo raising Globe Life (GL) target, Bank of America downgrading Fox (FOX), KeyBanc raising Zoom (ZM) target, H.C. Wainwright raising United Therapeutics (UTHR) target, Bernstein upgrading Newmont (NEM), analysts maintaining a hold on PepsiCo (PEP), Truist raising BILL Holdings (BILL) target, Barclays reiterating a buy on Charles Schwab (SCHW), Barclays upgrading Etsy (ETSY) and Truist raising its target, Goldman Sachs cutting Pinterest (PINS) target and RBC downgrading shares, Wells Fargo maintaining a hold on Hewlett Packard Enterprise (HPE), UBS upgrading Southwest Airlines (LUV), Stifel raising Triple Flag Precious Metals (TFPM) target, Barclays raising Phillips 66 (PSX) target, and Veritas downgrading Suncor Energy (SU).
The layoff announcement comes a week after eBay agreed to buy secondhand-clothing site Depop and follows job cuts earlier this year by Amazon and Pinterest.
Pinterest (PINS) stock surged by 5.96% as bargain-hunting investors bought shares after the firm fell to a record low.
Pinterest has increased its quarterly revenue forecast, citing a boost from its recent acquisition of tvScientific, which is expected to enhance its advertising capabilities.
Pinterest shares have fallen, prompting discussions among investors about whether now is an opportune time to 'buy the dip' in the stock.
Several financial firms, including Wedbush, Needham, Evercore ISI, and TD Cowen, have updated their price targets for a range of companies, reflecting revised market outlooks and company performance expectations.
Activist investor Elliott Management has acquired a significant $1 billion stake in the social media company Pinterest.
An analysis presents a 'bull case theory' for Pinterest, Inc. (PINS) stock, suggesting potential for growth.

A new Pinterest report reveals that parents are seeking a childhood with less screen time and more experiences, inspired by 90s nostalgia.
Pinterest stock is experiencing a decline attributed to tariffs, with some analysts suggesting it might be an opportune moment to buy the dip.
Pinterest has revised its first-quarter forecast to incorporate the expected contributions from tvScientific, indicating a strategic integration or partnership.
Cathie Wood's ARK Invest made significant portfolio changes, increasing positions in crypto and AI healthcare while divesting from companies like Airbnb, PagerDuty, and Pinterest.
Social media platform Pinterest has sacked engineers who were reportedly tracking recent staff job cuts, following the company's announcement of axing 15% of its workforce.
Cathie Wood's decision to sell Pinterest (PINS) stock has raised questions among investors about whether they should also divest their shares.

Before she took her own life at 14, Molly Russell accessed thousands of harmful posts on Instagram and Pinterest. A new documentary recreates the inquest where her father was told the images were safe Molly Russell was 14 when she took her own life in 2017 after months of viewing content relating to self-harm and suicide on social media. Nearly a decade later, her best friends from school, interviewed for this documentary, have grown into articulate, impressive women in their early 20s. Watch...
An analyst suggests that the current rotation out of technology stocks is a healthy market adjustment, despite fluctuations in AI sentiment.
Kenvue plans to cut 3.5% of its workforce as it prepares for a deal with Kimberly-Clark, joining a list of other major companies like Amazon, Citi, and Pinterest that are also reducing staff this year.
Analysts discuss potential market downturns for the S&P 500 in 2026 while also highlighting a record silver rally and a promising ETF.