Pinterest (NYSE:PINS) Price Target Raised to $24.00

Pinterest (NYSE:PINS) had its price target boosted by stock analysts at Guggenheim from $21.00 to $24.00 in a research note issued on Tuesday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price objective points to a potential upside of 15.05% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Robert W. Baird lifted their price target on Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wedbush cut their target price on shares of Pinterest from $30.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Rothschild & Co Redburn set a $23.00 target price on shares of Pinterest and gave the company a “neutral” rating in a research note on Monday, April 27th. Zacks Research raised shares of Pinterest from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Morgan Stanley cut their target price on shares of Pinterest from $35.00 to $27.00 and set an “overweight” rating for the company in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.12.

Pinterest Stock Up 3.2%

NYSE:PINS opened at $20.86 on Tuesday. The company has a market capitalization of $13.87 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 1.36 and a beta of 0.93. Pinterest has a 52-week low of $13.84 and a 52-week high of $39.93. The stock has a fifty day simple moving average of $18.77 and a 200-day simple moving average of $23.51.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The business’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 EPS. As a group, equities analysts anticipate that Pinterest will post 0.64 earnings per share for the current year.

Insider Activity at Pinterest

In other news, Director Gokul Rajaram sold 2,100 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total transaction of $42,000.00. Following the completion of the transaction, the director owned 27,450 shares of the company’s stock, valued at $549,000. This represents a 7.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sigma Planning Corp acquired a new position in shares of Pinterest during the 1st quarter valued at about $249,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Pinterest by 46.6% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 37,415 shares of the company’s stock worth $686,000 after purchasing an additional 11,894 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in Pinterest during the 1st quarter worth approximately $204,000. Principal Financial Group Inc. increased its position in Pinterest by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,312,613 shares of the company’s stock worth $24,073,000 after purchasing an additional 33,200 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in Pinterest by 55.1% during the 1st quarter. International Assets Investment Management LLC now owns 15,487 shares of the company’s stock worth $283,000 after purchasing an additional 5,501 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Key Headlines Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Q1 results beat: revenue of ~$1.01B (+17.8% Y/Y) and adjusted EPS $0.27 topped estimates, showing healthy top- and bottom-line beats that drove the stock move. Pinterest Reports Bullish Q1
• Positive Sentiment: Upbeat Q2 revenue guide: the company forecast Q2 revenue above Street estimates (midpoint ~ $1.14B), signaling resilient advertiser spending. CNBC: Pinterest surges after earnings
• Positive Sentiment: Engagement and user growth: Global MAUs rose 11% to 631 million (10th consecutive quarter of double-digit user growth), supporting ad monetization upside. Seeking Alpha: Wall Street Breakfast Podcast
• Positive Sentiment: AI/visual search tailwinds: management highlights AI-powered visual search and taste-graph improvements that are starting to translate into stronger ad performance and revenue. PYMNTS: AI bet paying off
• Positive Sentiment: Capital return: company announced approximately $2B of share repurchases, which supports EPS and signals confidence from management. Business Wire: Q1 results and repurchases
• Neutral Sentiment: Analyst/coverage notes: multiple outlets and analysts revised estimates ahead of and after the print; transcripts and metric deep-dives are available for investors checking sustainability of the beat. Earnings Call Transcript
• Negative Sentiment: Securities class-action activity: several law firms (Levi & Korsinsky, Rosen, Faruqi & Faruqi) have publicized and filed claims alleging inadequate disclosures covering Feb 7, 2025–Feb 12, 2026, which creates legal risk and potential costs. GlobeNewswire: Investor Alert (Levi & Korsinsky)
• Negative Sentiment: Legal deadlines: competing firms are soliciting lead-plaintiff roles ahead of a May 29 deadline, keeping the litigation story in focus for shareholders. PR Newswire: Rosen reminder

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.