Pinterest (NYSE:PINS) Given New $23.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo cut Pinterest’s price target from $31 to $23 while maintaining an “overweight” rating, implying 21.6% upside from the stock’s current price.
• Pinterest shares fell 5% to $18.91 after the company missed quarterly expectations, reporting $0.46 in EPS versus $0.49 expected and revenue of $1.17 billion versus $1.21 billion expected.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $26.50, although several firms have recently lowered their targets and Zacks downgraded the stock to “Strong Sell.”

Pinterest (NYSE:PINS - Get Free Report) had its price objective reduced by stock analysts at Wells Fargo & Company from $31.00 to $23.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 21.60% from the company's current price.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley increased their price objective on Pinterest from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. BMO Capital Markets restated an "outperform" rating on shares of Pinterest in a report on Friday. Royal Bank Of Canada lowered their price objective on shares of Pinterest from $25.00 to $22.00 and set a "sector perform" rating on the stock in a research note on Friday. Guggenheim dropped their target price on shares of Pinterest from $24.00 to $22.00 and set a "buy" rating on the stock in a report on Friday. Finally, Zacks Research downgraded shares of Pinterest from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $26.50.

Pinterest Stock Down 5.0%

PINS stock traded down $1.00 during midday trading on Friday, hitting $18.91. The company's stock had a trading volume of 21,093,421 shares, compared to its average volume of 16,511,510. The company's fifty day moving average price is $20.71 and its 200 day moving average price is $20.83. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.81 and a quick ratio of 3.81. Pinterest has a twelve month low of $13.84 and a twelve month high of $34.12. The stock has a market capitalization of $10.60 billion, a P/E ratio of 55.82, a PEG ratio of 1.49 and a beta of 0.90.

Pinterest (NYSE:PINS - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.21 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%. The business's revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 EPS. As a group, equities research analysts predict that Pinterest will post 0.53 EPS for the current year.

Insider Transactions at Pinterest

In other news, Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $22.56, for a total transaction of $1,057,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Walcott sold 14,103 shares of Pinterest stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $18.21, for a total value of $256,815.63. Following the sale, the insider directly owned 658,902 shares of the company's stock, valued at approximately $11,998,605.42. The trade was a 2.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 692,877 shares of company stock worth $14,733,501. Insiders own 8.09% of the company's stock.

Institutional Trading of Pinterest

Several hedge funds and other institutional investors have recently bought and sold shares of PINS. Renaissance Technologies LLC increased its stake in shares of Pinterest by 271.1% in the first quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company's stock valued at $109,831,000 after buying an additional 4,375,000 shares during the period. Bank of America Corp DE grew its stake in Pinterest by 15.4% during the first quarter. Bank of America Corp DE now owns 5,848,116 shares of the company's stock worth $107,254,000 after purchasing an additional 779,998 shares during the period. Assenagon Asset Management S.A. increased its holdings in Pinterest by 300.4% in the third quarter. Assenagon Asset Management S.A. now owns 4,398,316 shares of the company's stock worth $83,084,000 after purchasing an additional 3,299,884 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Pinterest by 11.1% in the first quarter. Bank of New York Mellon Corp now owns 4,014,388 shares of the company's stock worth $73,624,000 after purchasing an additional 401,619 shares in the last quarter. Finally, Senvest Management LLC increased its holdings in Pinterest by 5.1% in the first quarter. Senvest Management LLC now owns 3,594,581 shares of the company's stock worth $65,925,000 after purchasing an additional 175,000 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Key Stories Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Pinterest reported 12% year-over-year revenue growth to $1.17 billion and a record 661 million monthly active users, up 10%. Adjusted EBITDA was $339 million, while operating cash flow reached $316 million and free cash flow totaled $300 million. Pinterest Announces Third Quarter 2026 Results
• Positive Sentiment: Despite lowering their targets, Cantor Fitzgerald maintained an “overweight” rating at $23 and Barclays retained an “equal weight” rating at $24. Both targets imply meaningful upside from recent trading levels, suggesting analysts still see longer-term value. Cantor Fitzgerald ratings
• Neutral Sentiment: Unusual options activity included purchases of approximately 17,657 put contracts, about 23% above typical daily volume. This indicates increased hedging or bearish speculation, although options activity alone does not establish the stock’s direction.
• Negative Sentiment: Pinterest missed third-quarter expectations: adjusted earnings were $0.46 per share versus roughly $0.49 expected, and revenue of $1.17 billion fell short of estimates near $1.21 billion. The company’s reported profitability also weakened, increasing investor concern about monetization and margins. Pinterest misses Q3 earnings and revenue estimates
• Negative Sentiment: Fourth-quarter revenue guidance of approximately $1.45 billion was about 4.7% below Wall Street expectations, reinforcing fears that revenue growth is slowing. The disappointing outlook triggered the sharp selloff following results. Pinterest stock sinks as signs point to slowing revenue growth
• Negative Sentiment: Recent analyst target reductions and reports of substantial insider selling add to investor caution. Pinterest also traded lower alongside other social-media stocks after concerns that artificial intelligence could reduce online search traffic weighed on the sector.

Pinterest Company Profile

Pinterest, Inc NYSE: PINS operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.

The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.

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