Evercore ISI expects its new top pick to rally more than 70%.
Evercore ISI's Mark Mahaney has a new top pick: Pinterest . The widely followed analyst named the social media stock his favorite name within the firm's internet small/mid-caps universe. Mahaney also raised his price target to $45 per share from $41, implying upside of nearly 72% over the next 12 months. Mahaney pointed to the company's partnership with Amazon as a potential driver of advertising growth, and said Pinterest also had opportunities to further monetize its platform.
mountain Pinterest year to date — CNBC's Michael Bloom contributed to this report.
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