0802 ET - Softening consumer sentiment is weighing on Pinterest, Raymond James says, downgrading the stock to market perform from outperform. The analysts say weakness in consumer packaged goods in March contributed to a 2% to 3% budget forecast reduction for 2Q. A recent survey showed consumers are pulling back spending on home, beauty and alcohol, which could dent earnings for the social media platform, which earns revenue from digital advertising and third-party sales. These challenges outweigh Pinterest's strong management team and shopping strategy, Raymond James says. Pinterest sinks 7% premarket. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
April 07, 2025 08:02 ET (12:02 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。