Wells Fargo & Company Issues Positive Forecast for Pinterest (NYSE:PINS) Stock Price

Key Points

• Wells Fargo raised its price target on Pinterest from $25 to $28 and kept an overweight rating, implying roughly a 32% upside from current levels.
• Pinterest beat Q1 estimates with $1.01B revenue (+18% Y/Y) and $0.27 EPS, reported record users and guided Q2 above consensus, while executing about $2B of a $3.5B share‑repurchase plan—catalysts that spurred several analyst target hikes.
• However, consensus sentiment remains a Hold (average target $27.40) as the stock traded near $21.18 (down ~5% intraday), and pending securities class‑action litigation poses a notable downside risk.

Pinterest (NYSE:PINS - Get Free Report) had its price objective upped by analysts at Wells Fargo & Company from $25.00 to $28.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's price target would suggest a potential upside of 32.23% from the company's current price.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group reiterated a "buy" rating and set a $28.00 target price on shares of Pinterest in a report on Tuesday. Loop Capital downgraded Pinterest from a "buy" rating to a "hold" rating and reduced their price target for the company from $45.00 to $18.00 in a report on Friday, February 13th. Argus downgraded Pinterest from a "buy" rating to a "hold" rating in a report on Monday, March 2nd. Evercore set a $27.00 price target on Pinterest in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on Pinterest from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $27.40.

Pinterest Trading Down 5.0%

Shares of Pinterest stock traded down $1.11 during trading hours on Wednesday, reaching $21.18. The stock had a trading volume of 7,879,566 shares, compared to its average volume of 18,572,504. The firm has a 50 day simple moving average of $18.86 and a two-hundred day simple moving average of $23.44. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 44.00, a P/E/G ratio of 1.40 and a beta of 0.93. Pinterest has a 1 year low of $13.84 and a 1 year high of $39.93.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates 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 7.42% and a net margin of 7.64%.The company's quarterly revenue was up 17.8% compared to the same quarter last year. During the same period last year, the business posted $0.23 EPS. Sell-side analysts forecast that Pinterest will post 0.64 EPS for the current year.

Insider Transactions at Pinterest

In related news, Director Gokul Rajaram sold 2,100 shares of the business's stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total transaction of $42,000.00. Following the completion of the transaction, the director owned 27,450 shares in the company, valued at $549,000. The trade was a 7.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.09% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

Trending Headlines about Pinterest

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Q1 beat — Pinterest reported Q1 revenue of ~$1.01B (+18% Y/Y), non‑GAAP EPS $0.27 (above consensus), and record 631M MAUs, driving the initial rally. Business Wire: Q1 results
• Positive Sentiment: Upbeat guidance — management guided Q2 revenue above consensus (~$1.13–1.15B midpoint cited by press), signaling resilient advertiser demand and lifting near‑term growth expectations. CNBC: Guidance
• Positive Sentiment: Capital returns — ~ $2B of repurchases already executed (board authorized $3.5B), materially reducing share count and supporting EPS/valuation. Business Wire: Buybacks
• Positive Sentiment: Wall Street momentum — Multiple firms raised price targets and ratings after the quarter (examples include Morgan Stanley, UBS, Oppenheimer and Mizuho), reinforcing the buy thesis. 247WallSt: Analyst raises
• Neutral Sentiment: AI / product traction — management says AI improvements (visual search, PinRec, Performance+) are boosting advertiser ROI and adoption; monitor ARPU and Performance+ revenue share for confirmation. PYMNTS: AI impact
• Neutral Sentiment: Options flow — unusually high call buying was reported around the print, indicating short‑term retail/option speculation that can amplify intraday moves (monitor implied volatility and expirations).
• Negative Sentiment: Class‑action litigation — several firms have filed or are soliciting participation in securities‑class actions covering Feb 7, 2025–Feb 12, 2026, alleging disclosure issues (tariff/revenue exposure); potential legal costs, settlements or management distraction are downside risks. Pomerantz: Class action
• Negative Sentiment: Additional investor alerts quantify alleged per‑share damages and flag a May 29 lead‑plaintiff deadline — watch legal developments and disclosures for financial impact updates. PRNewswire: Investor alert

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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