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Pinterest Inc has a consensus price target of $40.35 based on the ratings of 34 analysts. The high is $50 issued by Goldman Sachs on July 9, 2024. The low is $30 issued by Wedbush on August 22, 2023. The 3 most-recent analyst ratings were released by RBC Capital, Piper Sandler, and TD Cowen on December 10, 2024, December 10, 2024, and November 26, 2024, respectively. With an average price target of $40.67 between RBC Capital, Piper Sandler, and TD Cowen, there's an implied 37.57% upside for Pinterest Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Pinterest (NYSE:PINS) was reported by RBC Capital on December 10, 2024. The analyst firm set a price target for $48.00 expecting PINS to rise to within 12 months (a possible 62.38% upside). 75 analyst firms have reported ratings in the last year.
The latest analyst rating for Pinterest (NYSE:PINS) was provided by RBC Capital, and Pinterest reiterated their outperform rating.
The last upgrade for Pinterest Inc happened on November 11, 2024 when Wedbush raised their price target to $38. Wedbush previously had a neutral for Pinterest Inc.
The last downgrade for Pinterest Inc happened on December 10, 2024 when Piper Sandler changed their price target from $41 to $36 for Pinterest Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Pinterest, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Pinterest was filed on December 10, 2024 so you should expect the next rating to be made available sometime around December 10, 2025.
While ratings are subjective and will change, the latest Pinterest (PINS) rating was a reiterated with a price target of $48.00 to $48.00. The current price Pinterest (PINS) is trading at is $29.56, which is out of the analyst’s predicted range.
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