Quick Read
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Pinterest (PINS) reported Q1 2026 sales up 18% year-over-year with revenue guidance exceeding Wall Street expectations, prompting at least seven analysts to raise their price targets.
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Pinterest’s AI-driven ad automation and search monetization improvements are offsetting weakness in large retail advertising, though analysts remain divided between bullish momentum and neutral caution on whether AI gains fully justify the valuation against ongoing brand advertising softness.
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Shares of Pinterest (NYSE:PINS) are riding a wave of Wall Street enthusiasm following a stronger-than-expected Q1 2026 earnings report. At least seven sell-side firms raised their price targets on May 5, with PINS stock trading up 11% intraday to $23 and change. The takeaway for prudent investors: the worst may be behind Pinterest, but firms remain split on whether AI-driven momentum fully offsets ongoing brand advertising softness.
The Q1 beat sparked the upgrades. According to community reporting, “Sales in Pinterest’s first quarter rose 18% year-over-year” and Q2 revenue guidance came in above the $1.11 billion Wall Street was projecting.
Analyst Price Target Changes
|
Firm |
Action |
Old Rating |
New Rating |
Old Target |
New Target |
|---|---|---|---|---|---|
|
Goldman Sachs |
Target raised |
Buy |
Buy |
$22 |
$28 |
|
TD Cowen |
Target raised |
Buy |
Buy |
$36 |
$38 |
|
Barclays |
Target raised |
Equal Weight |
Equal Weight |
$25 |
$27 |
|
Bank of America |
Target raised |
Neutral |
Neutral |
$19 |
$28 |
|
Citi |
Target raised |
Neutral |
Neutral |
$19 |
$25 |
|
JPMorgan |
Target raised |
Neutral |
Neutral |
$20 |
$25 |
|
Piper Sandler |
Target raised |
Neutral |
Neutral |
$21 |
$26 |
The Analyst’s Case
Goldman Sachs led the bull camp, citing Pinterest’s resilience in lower-funnel advertising, healthy user engagement, SMB and mid-market strength, AI-driven ad automation, search monetization, EBITDA upside, and an increased pace of share repurchases. TD Cowen’s John Blackledge noted that Pinterest’s advertising platform improvements began to partially offset headwinds among large retailers late in the quarter.
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The Neutral-rated firms were more measured. Bank of America raised its Pinterest revenue view by 4% to $4.9 billion and lifted its EBITDA forecast 3% to $1.4 billion, while Citi’s Ronald Josey credited AI investments driving greater return on ad spend. JPMorgan called Pinterest’s earnings report better than feared, and Barclays stated that the worst may be behind for Pinterest.
