Pinterest Inc (NYSE:PINS) shares were climbing in early trading on Wednesday after the company reported higher-than-expected results for its first quarter.

The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.

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Analyst Eric Sheridan maintained a Buy rating while raising the price target from $41 to $44.

Pinterest reported “very strong” results for the first quarter, with broad-based upside, Sheridan said in a note.

“In many ways, we see this quarterly report as evidence of management progress across its mix of product initiatives (shoppable content, direct response/bottom-funnel ad budgets and partnerships aiding in wider scaled monetization),” the analyst wrote.

He added that the company’s partnerships with Amazon.com Inc (NASDAQ:AMZN) and Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) “are contributing revenue momentum, which “should continue to build throughout 2024.”

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Analyst Rohit Kulkarni reaffirmed a Neutral rating while lifting the price target from $38 to $40.

Pinterest reported robust first-quarter earnings and guided to second-quarter revenues ahead of expectations, Kulkarni said. “Mgmt. sounded upbeat about growing traction with bottom-of-funnel direct response ads and …

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