1302 ET - Pinterest's AI thesis is taking shape, BofA Securities analysts say in a research note. The social-media platform's growing AI integration and the potential for topline acceleration are driving confidence among investors, the analysts say. "New AI-powered targeting & automation tools have a multi-year runway to boost conversion rates and further unlock platform's potential for shopping ads in 2025," the analysts add. Shares jump 18% on higher-than-expected revenue guidance for the current quarter. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
February 07, 2025 13:02 ET (18:02 GMT)
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