Pinterest Gets "Neutral" Rating, $16.50 Price Target from D.A. Davidson

April 15, 2019
Pinterest is set to make its public market debut onThursday, but analysts at D.A. Davidson are telling investors to sit on the sidelines. The firm starting coverage on Pinterest with a neutral rating and a price target of $16.50 a share. Tom Forte, Senior Research analyst at D.A. Davidson joined Cheddar to discuss why he's not ready to give the company a buy rating.