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Pinterest (PINS) Stock Forecast & Price Target

$30.72
+0.83 (+2.78%)
(As of 02:38 PM ET)

Pinterest - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 30 Wall Street analysts who have issued ratings for Pinterest in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 30 analysts, 8 have given a hold rating, and 22 have given a buy rating for PINS.

Consensus Price Target

$42.50
38.36% Upside
High Forecast$52.00
Average Forecast$42.50
Low Forecast$32.10

According to the 30 analysts' twelve-month price targets for Pinterest, the average price target is $42.50. The highest price target for PINS is $52.00, while the lowest price target for PINS is $32.10. The average price target represents a forecasted upside of 38.36% from the current price of $30.72.

TypeCurrent Forecast
9/20/23 to 9/19/24
1 Month Ago
8/21/23 to 8/20/24
3 Months Ago
6/22/23 to 6/21/24
1 Year Ago
9/20/22 to 9/20/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
22 Buy rating(s)
21 Buy rating(s)
19 Buy rating(s)
12 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
10 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$42.50$42.71$41.34$31.67
Forecasted Upside38.36% Upside22.87% Upside20.38% Upside15.66% Upside

PINS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PINS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Pinterest Stock vs. The Competition

TypePinterestComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.73
2.64
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside39.54% Upside93.59% Upside7.94% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/13/2024Piper Sandler
2 of 5 stars
 Reiterated RatingOverweight ➝ Overweight$45.00 ➝ $45.00+56.14%
9/12/2024Royal Bank of Canada
4 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$48.00 ➝ $48.00+64.27%
9/5/2024Cantor Fitzgerald
3 of 5 stars
D. Mathivanan
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Initiated CoverageOverweight$41.00+32.99%
7/31/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$50.00 ➝ $48.00+47.37%
7/31/2024Raymond James
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 Lower TargetOutperform ➝ Outperform$45.00 ➝ $40.00+22.81%
7/31/2024Benchmark
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 Reiterated RatingHold
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7/31/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$46.00 ➝ $45.00+38.89%
7/31/2024UBS Group
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 Lower TargetBuy ➝ Buy$57.00 ➝ $52.00+60.49%
7/31/2024Roth Mkm
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 Lower TargetNeutral ➝ Neutral$40.00 ➝ $39.00+20.37%
7/31/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$44.00 ➝ $41.00+26.54%
7/31/2024Wedbush
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 Lower TargetNeutral ➝ Neutral$46.00 ➝ $37.00+14.20%
7/31/2024Rosenblatt Securities
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 Reiterated RatingBuy ➝ Buy$48.00 ➝ $48.00+49.21%
7/31/2024Susquehanna
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 Lower TargetPositive ➝ Positive$50.00 ➝ $45.00+32.35%
7/31/2024Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$38.00 ➝ $36.00-3.60%
7/31/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$49.00 ➝ $41.00+9.79%
7/31/2024KeyCorp
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 Lower TargetOverweight ➝ Overweight$45.00 ➝ $43.00+15.14%
7/31/2024Citigroup
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 Lower TargetBuy ➝ Buy$51.00 ➝ $44.00+17.82%
7/31/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$44.00 ➝ $38.00+1.75%
7/23/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$35.00 ➝ $38.00-8.54%
7/16/2024Wolfe Research
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S. Khajuria
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Initiated CoveragePeer Perform
7/9/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$44.00 ➝ $50.00+15.77%
5/6/2024Loop Capital
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 Boost TargetBuy ➝ Buy$43.00 ➝ $49.00+20.25%
5/1/2024Sanford C. Bernstein
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 Boost TargetMarket Perform ➝ Market Perform$35.00 ➝ $38.00-3.65%
5/1/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$45.00 ➝ $46.00+16.63%
1/18/2024Argus
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 UpgradeHold ➝ Buy$45.00+23.56%
11/30/2023Jefferies Financial Group
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 UpgradeHold ➝ Buy$32.00 ➝ $41.00+23.23%
11/27/2023New Street Research
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 Initiated CoverageBuy$48.00+51.56%
10/31/2023Bank of America
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 UpgradeNeutral ➝ Buy$32.00 ➝ $37.00+47.41%
9/26/2023HSBC
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 Initiated CoverageBuy$32.10+23.18%
9/20/2023DA Davidson
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 UpgradeNeutral ➝ Buy$25.00 ➝ $35.00+33.56%
8/2/2023Credit Suisse Group
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 Boost TargetNeutral ➝ Neutral$31.00 ➝ $32.00+14.90%
4/28/2023888
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 Reiterated RatingMaintains
2/7/2023Roth Capital
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R. Kulkarni
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Reiterated RatingNeutral
1/20/2023MKM Partners
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 DowngradeBuy ➝ Neutral$27.00+0.86%
11/1/2022Guggenheim
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 Boost Target$26.00+7.44%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:10 PM ET.

PINS Forecast - Frequently Asked Questions

What is Pinterest's forecast for 2024?

According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Pinterest is $42.50, with a high forecast of $52.00 and a low forecast of $32.10.

Should I buy or sell Pinterest stock right now?

30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pinterest in the last year. There are currently 8 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PINS shares.

Does Pinterest's stock price have much upside?

According to analysts, Pinterest's stock has a predicted upside of 25.01% based on their 12-month stock forecasts.

Do Wall Street analysts like Pinterest more than its competitors?

Analysts like Pinterest more than other "computer and technology" companies. The consensus rating score for Pinterest is 2.73 while the average consensus rating score for "computer and technology" companies is 2.65. Learn more on how PINS compares to other companies.



This page (NYSE:PINS) was last updated on 9/19/2024 by MarketBeat.com Staff
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