On Nov 08, major Wall Street analysts update their ratings for $Pinterest (PINS.US)$, with price targets ranging from $36 to $48.
Morgan Stanley analyst Brian Nowak maintains with a hold rating, and adjusts the target price from $33 to $37.
BofA Securities analyst Justin Post maintains with a buy rating, and adjusts the target price from $45 to $39.
Barclays analyst Ross Sandler maintains with a hold rating, and adjusts the target price from $38 to $36.
RBC Capital analyst Brad Erickson maintains with a buy rating, and maintains the target price at $48.
Furthermore, according to the comprehensive report, the opinions of $Pinterest (PINS.US)$'s main analysts recently are as follows:
The third-quarter revenue of Pinterest met expectations, with user and margin growth being the highlights of the period. Post-results and given the modest outlook for the fourth quarter, there's a slight reduction in the revenue and EBITDA projections for FY25, though a steadier advancement is anticipated for the year 2025.
Macro trends are perceived to be relatively stable, yet persistent pressures in the Food & Beverage sector since December 2023 are seen as a weight on sales growth as the holiday season approaches.
Persistent category headwinds from the third quarter are expected to continue into the fourth, leading to a reduction in revenue estimates for 2025 by 2% and for 2026 by 2.2%. There is an anticipation that Pinterest's growth rates may begin to recover by the second quarter of 2025, and more confidently by the third quarter, as the company moves past these challenges.
The analysis noted that Pinterest's third-quarter revenue and gross profit aligned with expectations, but the guidance for fourth-quarter revenue fell slightly short. The projection indicates a potential positive shift in 2025 as macroeconomic pressures subside.
Despite Pinterest delivering robust results for the third quarter, near-term focus will likely center on modest fourth-quarter revenues and the potential indication of continued slower growth into 2025, in light of more challenging comparisons.
Here are the latest investment ratings and price targets for $Pinterest (PINS.US)$ from 4 analysts:
Note:
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