Investing.com — Pinterest (NYSE:) shares jumped at the open on Tuesday after receiving upbeat endorsements from Goldman Sachs and RBC Capital, both of which see significant growth potential for the social media platform.
Pinterest shares are currently up more than 1% at around $32.75 a share.
Goldman Sachs added Pinterest to its Americas Conviction List, forecasting robust topline growth and EBITDA margin expansion, while RBC Capital highlighted the company’s under-monetized platform and strategic ad partnerships.
Goldman Sachs is particularly optimistic about Pinterest’s growth trajectory, predicting mid-to-high teens percentage topline growth and annual EBITDA margin expansion of around 300 basis points over the next five years.
“PINS is set up well to continue to compound topline growth at a mid-to-high teens percentage pace and drive steady adjusted EBITDA margin expansion,”…
