Robert W. Baird Issues Positive Forecast for Pinterest (NYSE:PINS) Stock Price

Key Points

• Robert W. Baird raised its price target on Pinterest from $20 to $24 while maintaining a "neutral" rating, implying roughly a 15% upside; analysts' consensus target is about $25.72 with an average "Hold" rating.
• Operational momentum: Pinterest beat Q1 estimates (revenue $1.01B, +17.8% Y/Y; EPS $0.27), guided Q2 revenue above Street expectations, reported 11% MAU growth to 631M, cited AI/visual-search tailwinds, and announced ~ $2B in share repurchases.
• Legal overhang: Multiple securities class-action lawsuits have been filed alleging disclosure issues (claims covering Feb 7, 2025–Feb 12, 2026) with competing firms soliciting lead plaintiffs ahead of a May 29 deadline, posing potential litigation risk and costs.

Pinterest (NYSE:PINS - Get Free Report) had its price objective increased by analysts at Robert W. Baird from $20.00 to $24.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Robert W. Baird's target price would suggest a potential upside of 15.05% from the company's current price.

Several other research firms have also commented on PINS. Royal Bank Of Canada lowered shares of Pinterest from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $38.00 to $17.00 in a report on Friday, February 13th. HSBC lowered shares of Pinterest from a "buy" rating to a "hold" rating and set a $24.90 price target for the company. in a report on Friday, January 30th. Morgan Stanley reduced their price target on shares of Pinterest from $35.00 to $27.00 and set an "overweight" rating for the company in a report on Wednesday, March 25th. The Goldman Sachs Group restated a "buy" rating on shares of Pinterest in a report on Tuesday. Finally, Roth Mkm reduced their price target on shares of Pinterest from $34.00 to $29.00 and set a "neutral" rating for the company in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $25.72.

Pinterest Price Performance

Shares of PINS opened at $20.86 on Tuesday. Pinterest has a 1-year low of $13.84 and a 1-year high of $39.93. The company has a 50-day moving average of $18.77 and a 200 day moving average of $23.51. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 1.36 and a beta of 0.93.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. During the same quarter in the previous year, the business posted $0.23 EPS. The company's quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities analysts anticipate that Pinterest will post 0.64 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gokul Rajaram sold 2,100 shares of Pinterest stock in a transaction that occurred on Wednesday, April 15th. The shares were 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 $549,000. The trade was a 7.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.09% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PINS. Elevated Capital Advisors LLC purchased a new position in shares of Pinterest in the 4th quarter worth approximately $26,000. N.E.W. Advisory Services LLC grew its position in shares of Pinterest by 505.7% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company's stock worth $27,000 after buying an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in shares of Pinterest by 3,839.1% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company's stock worth $29,000 after buying an additional 883 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Pinterest by 2,017.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company's stock worth $29,000 after buying an additional 1,049 shares during the last quarter. Finally, Addison Advisors LLC grew its position in shares of Pinterest by 727.3% in the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company's stock worth $35,000 after buying an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Pinterest News Summary

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Q1 results beat: revenue of ~$1.01B (+17.8% Y/Y) and adjusted EPS $0.27 topped estimates, showing healthy top- and bottom-line beats that drove the stock move. Pinterest Reports Bullish Q1
• Positive Sentiment: Upbeat Q2 revenue guide: the company forecast Q2 revenue above Street estimates (midpoint ~ $1.14B), signaling resilient advertiser spending. CNBC: Pinterest surges after earnings
• Positive Sentiment: Engagement and user growth: Global MAUs rose 11% to 631 million (10th consecutive quarter of double-digit user growth), supporting ad monetization upside. Seeking Alpha: Wall Street Breakfast Podcast
• Positive Sentiment: AI/visual search tailwinds: management highlights AI-powered visual search and taste-graph improvements that are starting to translate into stronger ad performance and revenue. PYMNTS: AI bet paying off
• Positive Sentiment: Capital return: company announced approximately $2B of share repurchases, which supports EPS and signals confidence from management. Business Wire: Q1 results and repurchases
• Neutral Sentiment: Analyst/coverage notes: multiple outlets and analysts revised estimates ahead of and after the print; transcripts and metric deep-dives are available for investors checking sustainability of the beat. Earnings Call Transcript
• Negative Sentiment: Securities class-action activity: several law firms (Levi & Korsinsky, Rosen, Faruqi & Faruqi) have publicized and filed claims alleging inadequate disclosures covering Feb 7, 2025–Feb 12, 2026, which creates legal risk and potential costs. GlobeNewswire: Investor Alert (Levi & Korsinsky)
• Negative Sentiment: Legal deadlines: competing firms are soliciting lead-plaintiff roles ahead of a May 29 deadline, keeping the litigation story in focus for shareholders. PR Newswire: Rosen reminder

About Pinterest

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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