Pinterest Shares Top $20; June Outlook in Focus
Pinterest fell 2.9% to $20.05 Friday but ended the week up 3.9% after strong Q1 results: revenue up 18% to $1.008 billion, global users up 11% to 631 million, and a buyback cutting shares by 16%. Shares remain down 22.6% this year, trading at half their 52-week high. Analysts split on targets; legal risks and ad pricing pressure persist. Volume hit 66.6 million.