Pinterest (NYSE:PINS) Stock Gets Price Target Cut from Wells Fargo & Company

Pinterest (NYSE:PINS) had its target price trimmed by Wells Fargo & Company from $31.00 to $23.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other analysts also recently commented on the company. Jefferies Financial Group raised Pinterest from a “hold” rating to a “buy” rating in a research note on Monday, August 31st. Morgan Stanley boosted their price target on shares of Pinterest from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Evercore set a $24.00 target price on Pinterest in a research report on Friday. Wedbush dropped their price target on Pinterest from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Phillip Securities upgraded shares of Pinterest to a “strong-buy” rating in a research report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Pinterest presently has an average rating of “Hold” and a consensus price target of $26.50.

Pinterest Price Performance

NYSE PINS opened at $19.37 on Friday. Pinterest has a 52 week low of $13.84 and a 52 week high of $34.12. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 77.47, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. The company has a 50-day moving average price of $20.64 and a two-hundred day moving average price of $20.79. The company has a current ratio of 4.28, a quick ratio of 4.28 and a debt-to-equity ratio of 0.32.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, October 29th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). Pinterest had a return on equity of 6.58% and a net margin of 3.81%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts forecast that Pinterest will post 0.53 EPS for the current year.

Insider Buying and Selling at Pinterest

In related news, Director Benjamin Silbermann sold 93,750 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $21.43, for a total transaction of $2,009,062.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Julia Donnelly sold 59,096 shares of Pinterest stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $23.48, for a total value of $1,387,574.08. Following the sale, the chief financial officer owned 817,409 shares of the company’s stock, valued at approximately $19,192,763.32. This represents a 6.74% 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. Insiders sold a total of 692,877 shares of company stock worth $14,733,501 over the last three months. 8.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Resona Asset Management Co. Ltd. raised its stake in shares of Pinterest by 0.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 173,648 shares of the company’s stock worth $3,176,000 after purchasing an additional 785 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Pinterest by 3.2% in the third quarter. D.A. Davidson & CO. now owns 39,472 shares of the company’s stock worth $746,000 after purchasing an additional 1,218 shares during the last quarter. GAMMA Investing LLC grew its holdings in Pinterest by 13.6% during the second quarter. GAMMA Investing LLC now owns 10,929 shares of the company’s stock valued at $230,000 after purchasing an additional 1,308 shares during the period. Allworth Financial LP increased its holdings in shares of Pinterest by 8.7% in the second quarter. Allworth Financial LP now owns 16,941 shares of the company’s stock worth $356,000 after purchasing an additional 1,360 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of Pinterest by 31.7% in the first quarter. Parallel Advisors LLC now owns 5,780 shares of the company’s stock worth $106,000 after buying an additional 1,390 shares during the period. Institutional investors 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 third-quarter revenue of $1.17 billion, up 11.9% year over year, while global monthly active users rose 10% to a record 661 million. The company also generated $339 million in adjusted EBITDA and $300 million in free cash flow. Pinterest Announces Third Quarter 2026 Results
• Positive Sentiment: KeyBanc maintained its Buy rating, while Wells Fargo and Cantor Fitzgerald retained Overweight ratings. Their revised targets of $23 imply potential upside from current trading levels, suggesting some analysts still view the selloff as excessive. KeyBanc Remains a Buy on Pinterest
• Neutral Sentiment: Unusually heavy put-option activity was reported, with traders buying approximately 17,657 puts—about 23% above typical daily volume. This indicates elevated hedging or bearish speculation but does not confirm the direction of future trading.
• Negative Sentiment: Pinterest missed third-quarter expectations: adjusted EPS was $0.46 versus a $0.49 consensus, and revenue of $1.17 billion fell short of estimates near $1.21 billion. Analysts attributed the miss to pressure on advertising growth. 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, fueling concerns that Pinterest’s revenue growth is decelerating during the holiday period. Pinterest Sets Q4 Outlook Below Street View
• Negative Sentiment: Several firms cut their price targets: Wells Fargo lowered its target from $31 to $23, Barclays from $31 to $24, and Wedbush from $24 to $20; Wedbush also shifted to Neutral. The reductions reinforce concerns about weaker near-term growth and advertising momentum. Wells Fargo Lowers Pinterest Price Target

About Pinterest

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.