On Nov 09, major Wall Street analysts update their ratings for $Pinterest (PINS.US)$, with price targets ranging from $35 to $48.
Morgan Stanley analyst Brian Nowak maintains with a hold rating, and adjusts the target price from $33 to $37.
Goldman Sachs analyst Eric Sheridan maintains with a buy rating, and adjusts the target price from $46 to $42.
J.P. Morgan analyst Doug Anmuth maintains with a hold rating, and adjusts the target price from $38 to $35.
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.
Furthermore, according to the comprehensive report, the opinions of $Pinterest (PINS.US)$'s main analysts recently are as follows:
Pinterest's Q3 revenue aligned with projections, highlighted by user expansion and margin growth, according to an analyst. In response to the company's 'soft' Q4 outlook, revisions include a 2% reduction in the forecasted FY25 revenue and a 1% decrease in the EBITDA projection. Nonetheless, there is anticipation for consistent advancement in 2025.
Macro trends are perceived to be relatively stable overall, yet persistent pressures in the Food & Beverage sector since December 2023 are impacting Pinterest's sales growth as the holiday season approaches.
Persistent category headwinds from the third quarter are continuing into the fourth, prompting revisions in revenue forecasts, with a 2% reduction for the year 2025 and a 2.2% decrease for 2026. Analysts anticipate that Pinterest's growth rates may begin to recover in the second quarter of 2025, with a more certain rebound expected by the third quarter, as the company overcomes these challenges.
Pinterest's user growth re-acceleration and increasing engagement poise the company for enhanced monetization opportunities globally. However, there is an adjustment in the long-term EBITDA projection owing to investments in technological talent and, to a lesser extent, ongoing sales and marketing expenses.
Pinterest's Q3 revenue and gross profit aligned with expectations, though Q4 revenue projections fell slightly below forecasts. It is suggested that the company may experience a positive shift in 2025 as macroeconomic pressures subside.
Here are the latest investment ratings and price targets for $Pinterest (PINS.US)$ from 16 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
