Pinterest's New CFO Brings Performance-Ads Expertise Suited to Strategy Shift, Wedbush Says
MT newswire2026/10/06 18:5102:51 PM EDT, 10/06/2026 (MT Newswires) -- Pinterest's (PINS) appointment of James Dibbo as chief financial officer fits the company's push to become a bottom-funnel, performance-driven ad platform, Wedbush said in a note Tuesday. The brokerage said Dibbo's experience scaling Amazon Ads, one of the largest retail media and performance advertising businesses, lines up with Pinterest's priorities, including automation, better bidding and measurement, and steady spend from large retailers. His familiarity with large retail advertisers should also help as Pinterest looks to extend its go-to-market approach to other regions, Wedbush said. Wedbush called the external hire constructive but said it doesn't expect the change to affect Q3 results or near-term guidance. The firm said it will listen for Dibbo's early priorities on the Q4 call, particularly on capital allocation, operating expense and stock-based compensation discipline, and long-term margin targets. Wedbush maintained its neutral rating on the stock with a $24 price target. Price: 19.83, Change: -0.23, Percent Change: -1.17
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin (BTC) Tanks Toward $80K, Ripple (XRP) Loses Key Support: Weekend Watch
WLD Price Prediction: Worldcoin Eyes $12 as Cloudflare Partnership Advances
Last week, retail investors made a "record-breaking" dip buy of US chip leveraged ETFs, but this week they plummeted.
Last week, retail investors poured $6.1 billion into 3x leveraged chip ETFs, but suffered a 20.5% single-day plunge this Thursday, almost perfectly coinciding with the start of the rapid downturn. The cumulative decline in October has exceeded 43%, far surpassing the 15.9% loss of non-leveraged products during the same period. The root cause lies in the market’s skepticism toward AI investment returns. The most significant uncertainty is whether aggressive spending by tech giants will actually deliver on profit expectations, while the use of leverage has exponentially magnified the cost of this misjudgment.
Africa’s payment giant backed by SoftBank is rushing to list in the US! Opay (OPAY.US) plans to raise $336 million, with its valuation possibly exceeding $4 billion
The payment platform Opay Ltd., which focuses on the Nigerian market, plans to raise up to 336 million dollars through an initial public offering (IPO).
Crypto prices
More
