Oppenheimer Forecasts Strong Price Appreciation for Pinterest (NYSE:PINS) Stock

Key Points

• Oppenheimer raised its price target on Pinterest to $30 (from $24) and keeps an "outperform" rating, implying about a 34% upside from the current price.
• Pinterest reported a strong Q1 — $1.01B revenue (+18% YoY), adjusted EPS $0.27, 631M MAUs — guided Q2 revenue above consensus and announced roughly $2B in share repurchases, sending shares up ~7%.
• Analyst sentiment is mixed: MarketBeat's consensus is a "Hold" with an average target of $27.15 and heavy institutional ownership (~88.8%), while legal overhangs and a GAAP net loss pose risks.

Pinterest (NYSE:PINS - Get Free Report) had its price objective lifted by stock analysts at Oppenheimer from $24.00 to $30.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Oppenheimer's target price would indicate a potential upside of 34.32% from the company's current price.

PINS has been the topic of several other research reports. Weiss Ratings downgraded shares of Pinterest from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, April 2nd. Barclays increased their target price on Pinterest from $25.00 to $27.00 and gave the stock an "equal weight" rating in a report on Tuesday. Stifel Nicolaus increased their target price on Pinterest from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. restated a "neutral" rating and set a $20.00 target price (down from $36.00) on shares of Pinterest in a report on Friday, February 13th. Finally, Wedbush decreased their target price on Pinterest from $30.00 to $16.00 and set a "neutral" rating on the stock in a report on Friday, February 13th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Pinterest has a consensus rating of "Hold" and an average price target of $27.15.

Pinterest Trading Up 7.1%

NYSE PINS traded up $1.49 during trading on Tuesday, reaching $22.34. 42,035,023 shares of the company's stock were exchanged, compared to its average volume of 18,519,773. Pinterest has a fifty-two week low of $13.84 and a fifty-two week high of $39.93. The firm has a market capitalization of $14.86 billion, a PE ratio of 36.79, a P/E/G ratio of 1.36 and a beta of 0.93. The company's fifty day simple moving average is $18.77 and its 200-day simple moving average is $23.51.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The company had revenue of $1.01 billion for 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 company's revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. Equities analysts forecast that Pinterest will post 0.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other Pinterest news, Director Gokul Rajaram sold 2,100 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total value of $42,000.00. Following the transaction, the director owned 27,450 shares of the company's stock, valued at approximately $549,000. This represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 8.09% of the company's stock.

Hedge Funds Weigh In On Pinterest

Several hedge funds have recently added to or reduced their stakes in PINS. Norges Bank acquired a new position in Pinterest in the fourth quarter valued at about $357,945,000. Davis Selected Advisers acquired a new position in Pinterest in the third quarter valued at about $253,887,000. State Street Corp lifted its stake in Pinterest by 52.6% in the fourth quarter. State Street Corp now owns 21,492,169 shares of the company's stock valued at $556,432,000 after buying an additional 7,412,213 shares during the period. Victory Capital Management Inc. lifted its stake in Pinterest by 30.5% in the fourth quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company's stock valued at $694,082,000 after buying an additional 6,258,628 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Pinterest by 15.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,809,693 shares of the company's stock valued at $719,994,000 after buying an additional 3,669,476 shares during the period. 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 beat and upbeat guidance — Pinterest reported revenue of ~$1.01B (+18% Y/Y), adjusted EPS $0.27 (beat), 631M MAUs (11% Y/Y) and guided Q2 revenue above consensus; company announced ~ $2B of repurchases. Pinterest Announces First Quarter 2026 Results
• Positive Sentiment: AI and ad product traction — management and press coverage cite AI-powered visual search and Performance+ ad formats as drivers of stronger ad demand and improving margins, supporting revenue growth. Pinterest's Stock Is Soaring After Better-Than-Expected Earnings
• Positive Sentiment: Wall Street momentum — multiple firms raised price targets and ratings after the print (examples include UBS, Mizuho, Rosenblatt and others), signaling upgraded street sentiment. Pinterest Just Got a Wall Street Pile-On
• Positive Sentiment: Derivative and volume signals — unusually large call-option activity and elevated share volume suggest short-term bullish positioning by traders (heightened buying interest reinforces the rally).
• Neutral Sentiment: Mixed analyst stances — some firms raised targets but kept neutral ratings, so upside consensus is not unanimous; monitor revisions for sustainability.
• Negative Sentiment: Legal overhang — several law firms have filed or solicited investors for securities‑class‑action claims tied to prior disclosures; this creates potential litigation risk and distraction. Bronstein, Gewirtz & Grossman LLC Urges Pinterest Investors to Act
• Negative Sentiment: Accounting note — GAAP net loss was reported for the quarter despite positive adjusted metrics and EBITDA, which some investors may view as a caution on reported profitability. Pinterest Announces First Quarter 2026 Results

Pinterest Company Profile

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.

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