Pinterest (NYSE:PINS) Price Target Raised to $28.00 at Wells Fargo & Company

Pinterest (NYSE:PINS) had its price target hoisted by Wells Fargo & Company from $25.00 to $28.00 in a report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also weighed in on PINS. KeyCorp cut their price objective on shares of Pinterest from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 3rd. Bank of America reiterated a “neutral” rating and issued a $19.00 price target (down from $39.00) on shares of Pinterest in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $24.00 price objective on shares of Pinterest in a report on Tuesday. Citigroup upped their target price on Pinterest from $19.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Morgan Stanley raised their price target on Pinterest from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday. Sixteen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Pinterest currently has a consensus rating of “Hold” and an average price target of $27.40.

Pinterest Stock Down 4.8%

PINS opened at $21.22 on Wednesday. The company has a quick ratio of 7.64, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. The firm has a market cap of $14.11 billion, a P/E ratio of 44.20, a PEG ratio of 1.49 and a beta of 0.93. Pinterest has a 52 week low of $13.84 and a 52 week high of $39.93. The business’s fifty day simple moving average is $18.95 and its 200 day simple moving average is $23.36.

Pinterest (NYSE:PINS) last announced its earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 EPS. As a group, equities research analysts anticipate that Pinterest will post 0.64 EPS for the current fiscal year.

Insider Activity at Pinterest

In other news, Director Gokul Rajaram sold 2,100 shares of Pinterest 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 directly owned 27,450 shares of the company’s stock, 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 at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PINS. Aurora Investment Counsel increased its position in shares of Pinterest by 30.5% in the first quarter. Aurora Investment Counsel now owns 77,904 shares of the company’s stock worth $1,429,000 after acquiring an additional 18,216 shares in the last quarter. Assetmark Inc. boosted its position in Pinterest by 259.8% during the 1st quarter. Assetmark Inc. now owns 7,761 shares of the company’s stock worth $142,000 after purchasing an additional 5,604 shares during the period. Graphene Investments SAS raised its position in Pinterest by 41.5% in the first quarter. Graphene Investments SAS now owns 148,400 shares of the company’s stock valued at $2,722,000 after purchasing an additional 43,500 shares during the period. Bessemer Group Inc. raised its position in Pinterest by 445.1% in the first quarter. Bessemer Group Inc. now owns 3,712 shares of the company’s stock valued at $68,000 after purchasing an additional 3,031 shares during the period. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Pinterest during the first quarter worth about $2,244,000. 88.81% of the stock is owned by institutional investors and hedge funds.

More Pinterest News

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Q1 beat and upbeat guidance: Pinterest delivered stronger‑than‑expected Q1 revenue and EPS, cited AI ad improvements and raised Q2 outlook — the core driver of the recent rally. Pinterest Q1 Earnings Beat
• Positive Sentiment: AI and monetization momentum: Management points to its Taste Graph/PinRec and Performance+ adoption as materially improving advertiser ROI and ARPU — a structural rationale for sustained ad revenue growth. Pinterest’s AI Bet Paying Off
• Positive Sentiment: Wall Street support and price‑target lifts: Multiple firms raised targets and ratings after the quarter (including Morgan Stanley, Oppenheimer, UBS, Mizuho, Wells Fargo and others), adding analyst momentum to the stock’s upside case. Analyst Price‑Target Hikes
• Positive Sentiment: Share repurchases and capital return: Management’s aggressive buyback (≈$2B repurchased so far under a $3.5B program) is reducing float and supporting EPS — a mechanical floor for valuation. MarketBeat: Pinterest Profit Play
• Neutral Sentiment: Options and volume indicate elevated short‑term trading interest: Unusually high call option activity and daily volume suggest traders are actively repositioning around the earnings news and legal headlines; this raises near‑term volatility but is not a directional fundamental.
• Negative Sentiment: Multiple securities‑class action suits filed: Several law firms and notices allege misstatements about ad revenues, restructuring and tariff exposure, and are soliciting lead plaintiffs — creating a legal overhang and potential litigation risk/costs. PR Newswire: Shareholder Opportunity to Lead Lawsuit
• Negative Sentiment: Repeated law‑firm notices and lead‑plaintiff deadlines: Multiple firms (Bernstein Liebhard, Levi & Korsinsky, Rosen, Pomerantz, etc.) have publicized claims and May 29 lead‑plaintiff deadlines — amplifying headlines that can pressure sentiment even if substantive damages are uncertain. Newsfile: Securities Class Action Filed

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.