** Image-sharing platform Pinterest's PINS.N shares fall 2% to $30.85 in premarket trading
** Brokerages Zephirin and Wells Fargo cut PTs to $25 and $42 respectively
** Zephirin says the campaign targeting TikTok users to join PINS, launched in Q424, is underperforming
** "X’s image rebranding is likely to drive advertiser shifts away from PINS, posing further headwinds for Q2" -Zephirin says
** Wells Fargo sees softer macro and weaker brand ad environment that can be offset by intra-quarter FX tailwind
** 32 of 41 brokerages rate the stock "buy" or higher, 8 "hold" and 1 "sell" or lower; their median PT is $46 - LSEG
** Up to last close, stock had risen 8.5% YTD
(Reporting by Kritika Lamba in Bengaluru)
((Kritika.Lamba@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.