On August 4, Pinterest, Inc. rose 5.13% in regular trading, trading at $25.38 per share, with turnover of $129 million. The stock rallied ahead of the company's second-quarter earnings report scheduled for release after market close, while peer stock Snap Inc surged approximately 15%, lifting broader interactive media sector sentiment.

Market consensus expects Pinterest to report Q2 revenue growth of 17.82% year-over-year, with institutional views leaning positive. Mizuho Bank recently raised its price target on the stock from $30 to $31. The company enters earnings season with momentum from Q1 results that showed 18% revenue growth and global monthly active users reaching a record 631 million. Additionally, Elliott Investment Management's $1 billion strategic investment via convertible notes and an associated large-scale share repurchase program continue to underpin fundamental improvement expectations.

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