Piper Sandler upgrades Pinterest to buy, says stock could rebound 60%

Published Wed, Jan 5 20227:06 AM ESTUpdated Wed, Jan 5 20222:46 PM EST

Jesse Pound @/in/jesse-pound @jesserpound

A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning Pinterest made its initial public offering, April 18, 2019.

Spencer Platt | Getty Images

Pinterest is set for a big rebound in 2022 as the company puts a scare about user growth in the rearview mirror, according to Piper Sandler.

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