Wedbush Boosts Pinterest (NYSE:PINS) Price Target to $42.00

Pinterest (NYSE:PINS) had its price target raised by analysts at Wedbush from $40.00 to $42.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective would indicate a potential upside of 12.78% from the company’s previous close. Wedbush also issued estimates for Pinterest’s Q3 2025 earnings at $0.14 EPS and FY2026 earnings at $0.96 EPS.

Several other equities research analysts also recently issued reports on the company. Stifel Nicolaus lowered their price target on Pinterest from $50.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company set a $42.00 target price on Pinterest and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. UBS Group lifted their price target on shares of Pinterest from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday. Monness Crespi & Hardt lowered their price objective on shares of Pinterest from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Finally, Barclays dropped their price objective on shares of Pinterest from $42.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.19.

Pinterest Price Performance

Shares of PINS opened at $37.24 on Thursday. The company has a market capitalization of $25.26 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company’s fifty day moving average price is $34.13 and its 200 day moving average price is $32.36. Pinterest has a one year low of $23.68 and a one year high of $42.02.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $854.99 million for the quarter, compared to analyst estimates of $848.49 million. Pinterest had a net margin of 50.41% and a return on equity of 8.13%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 EPS. Analysts anticipate that Pinterest will post 0.6 earnings per share for the current year.

Insider Activity at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 408,332 shares of Pinterest stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $33.16, for a total transaction of $13,540,289.12. Following the transaction, the director directly owned 6,274 shares of the company’s stock, valued at approximately $208,045.84. This trade represents a 98.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 1,381,678 shares of company stock worth $46,988,343. 7.06% of the stock is owned by insiders.

Institutional Trading of Pinterest

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Pinterest by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company’s stock valued at $1,798,270,000 after acquiring an additional 1,263,863 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Pinterest by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company’s stock valued at $988,662,000 after buying an additional 6,460,143 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Pinterest by 13.7% in the 1st quarter. Ameriprise Financial Inc. now owns 15,498,454 shares of the company’s stock worth $480,452,000 after buying an additional 1,862,654 shares in the last quarter. Amundi raised its position in Pinterest by 618.9% in the 1st quarter. Amundi now owns 14,254,741 shares of the company’s stock worth $441,897,000 after buying an additional 12,271,958 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Pinterest by 2.6% during the 4th quarter. FMR LLC now owns 12,599,356 shares of the company’s stock valued at $365,381,000 after acquiring an additional 316,633 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Company Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.