Pinterest (PINS) Stock Forecast & Price Target

$32.93

+0.35 (+1.07%)

(As of 10/8/2024 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

Moderate Buy

Based on 30 Analyst Ratings

Sell
0

Hold
8

Buy
22

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

$43.25
31.34% Upside

According to the 30 analysts' twelve-month price targets for Pinterest, the average price target is $43.25. The highest price target for PINS is $52.00, while the lowest price target for PINS is $36.00. The average price target represents a forecasted upside of 31.34% from the current price of $32.93.

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PINS Analyst Ratings Over Time

Type	Current Forecast 10/9/23 to 10/8/24	1 Month Ago 9/9/23 to 9/8/24	3 Months Ago 7/11/23 to 7/10/24	1 Year Ago 10/9/22 to 10/9/23
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)	22 Buy rating(s)	19 Buy rating(s)	14 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	11 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$43.25	$42.65	$42.04	$31.60
Forecasted Upside	31.34% Upside	45.80% Upside	-1.66% Downside	11.88% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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.

Pinterest Stock vs. The Competition

Type	Pinterest	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.73	2.66	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	31.74% Upside	1,680.88% Upside	7.88% Upside
News Sentiment Rating	Positive News See Recent PINS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/7/2024	Cantor Fitzgerald 3 of 5 stars	D. Mathivanan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$41.00 ➝ $41.00	+24.66%
9/24/2024	Oppenheimer 3 of 5 stars		Initiated Coverage	Outperform	$45.00	+47.78%
9/23/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Initiated Coverage	Buy	$43.00	+41.54%
9/13/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$45.00 ➝ $45.00	+56.14%
9/12/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$48.00 ➝ $48.00	+64.27%
7/31/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$50.00 ➝ $48.00	+47.37%
Get the Latest News and Ratings for PINS and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Pinterest and its competitors with MarketBeat's FREE daily newsletter.
7/31/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$45.00 ➝ $40.00	+22.81%
7/31/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
7/31/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$46.00 ➝ $45.00	+38.89%
7/31/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$57.00 ➝ $52.00	+60.49%
7/31/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$40.00 ➝ $39.00	+20.37%
7/31/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$44.00 ➝ $41.00	+26.54%
7/31/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$46.00 ➝ $37.00	+14.20%
7/31/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$48.00 ➝ $48.00	+49.21%
7/31/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$50.00 ➝ $45.00	+32.35%
7/31/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$38.00 ➝ $36.00	-3.60%
7/31/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$49.00 ➝ $41.00	+9.79%
7/31/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$45.00 ➝ $43.00	+15.14%
7/31/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$51.00 ➝ $44.00	+17.82%
7/31/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$44.00 ➝ $38.00	+1.75%
7/23/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$35.00 ➝ $38.00	-8.54%
7/16/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Khajuria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
7/9/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$44.00 ➝ $50.00	+15.77%
5/6/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$43.00 ➝ $49.00	+20.25%
5/1/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$35.00 ➝ $38.00	-3.65%
5/1/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$45.00 ➝ $46.00	+16.63%
1/18/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$45.00	+23.56%
11/30/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$32.00 ➝ $41.00	+23.23%
11/27/2023	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$48.00	+51.56%
10/31/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$32.00 ➝ $37.00	+47.41%
9/26/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$32.10	+23.18%
9/20/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$25.00 ➝ $35.00	+33.56%
8/2/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$31.00 ➝ $32.00	+14.90%
4/28/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
2/7/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Kulkarni Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral
1/20/2023	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$27.00	+0.86%
11/1/2022	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		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 Tuesday at 07:25 PM ET.

Should I Buy Pinterest Stock? PINS Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, October 6, 2024. Please send any questions or comments about these Pinterest pros and cons to contact@marketbeat.com.

Pinterest
Bull Case

Here are some ways that investors could benefit from investing in Pinterest, Inc.:

Pinterest's stock price has shown resilience, currently trading at $31.66, indicating potential value for investors.
Positive analyst ratings with a consensus of "Moderate Buy" and a target price of $42.87, suggesting growth potential.
Recent insider buying activity, such as Ensign Peak Advisors Inc increasing their holdings by 5.9%, can signal confidence in the company's future.
Strong institutional investor ownership of 88.81% of the company's stock, indicating trust from large financial entities.
Consistent revenue growth and user engagement on the Pinterest platform, showcasing a promising business model.

Pinterest
Bear Case

Investors should be bearish about investing in Pinterest, Inc. for these reasons:

High price-to-earnings ratio of 150.76, indicating the stock may be overvalued compared to its earnings.
Recent analyst downgrades and target price reductions, like Barclays lowering their target from $38.00 to $36.00, may reflect concerns about future performance.
Market volatility and economic uncertainties could impact Pinterest's stock price, leading to potential fluctuations in investment returns.
Competition in the social media and digital advertising space poses a challenge to Pinterest's market share and growth prospects.
The company's P/E/G ratio of 3.22 suggests a high price for growth relative to its earnings, potentially signaling a risk for investors.

PINS Forecast - Frequently Asked Questions

: According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Pinterest is $43.25, with a high forecast of $52.00 and a low forecast of $36.00.
: 30 Wall Street equities 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 equities research analysts is that investors should "moderate buy" PINS shares.
: According to analysts, Pinterest's stock has a predicted upside of 31.34% based on their 12-month stock forecasts.
: Pinterest has been rated by research analysts at Barclays, Benchmark, Cantor Fitzgerald, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Oppenheimer, Piper Sandler, Raymond James, Robert W. Baird, Rosenblatt Securities, Roth Mkm, Royal Bank of Canada, Stifel Nicolaus, Susquehanna, UBS Group, Wedbush, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: 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 2.66. Learn more on how PINS compares to other companies.