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On Friday, Cantor Fitzgerald analyst Deepak Mathivanan increased the price target for Pinterest Inc (NYSE:PINS) shares from $35.00 to $39.00, while maintaining an Overweight rating on the stock. The adjustment follows Pinterest’s first-quarter earnings report, which delivered revenue and EBITDA figures surpassing Wall Street’s estimates by 1% and 4%, respectively, according to data from Visible Alpha. According to InvestingPro analysis, Pinterest maintains a "GREAT" financial health score of 3.38, with particularly strong cash flow metrics and a robust balance sheet showing more cash than debt.
Pinterest also provided revenue growth guidance for the second quarter of 2025, projecting an increase of 12-15%. This forecast is slightly higher than the previous consensus estimate of 13% at the midpoint and exceeds expectations from the buy-side. The company has demonstrated strong momentum with a 17.81% revenue growth over the last twelve months, maintaining a healthy gross profit margin of nearly 80%. Despite the challenges posed by emerging macroeconomic volatility, Pinterest’s advertising demand has remained robust, with only minor weaknesses observed from advertisers in the Asia-Pacific region.
Operationally, Pinterest has been effectively advancing its key product and strategic initiatives, including P+ and MDL/DL. The company’s strong product roadmap is focused on enhancing user experience and advertising performance. According to Mathivanan’s commentary, these factors contribute to Pinterest’s resilience against macroeconomic trends and its solid execution of business strategies.
The analyst’s optimistic outlook is reinforced by Pinterest’s continued efforts to innovate and improve its platform. With the raised price target, Cantor Fitzgerald signals confidence in Pinterest’s potential for growth and its ability to navigate the current economic landscape effectively.
In other recent news, Pinterest Inc. reported its first-quarter 2025 earnings, revealing a revenue of $855 million, which exceeded expectations of $848.27 million, marking a 16% year-over-year increase. However, the company missed earnings per share (EPS) forecasts, posting $0.23 against an anticipated $0.26. Analysts have responded with varied outlooks: Piper Sandler maintained a Neutral rating with a $34 price target, citing challenges in the competitive advertising market despite increased revenue and EBITDA forecasts. Meanwhile, KeyBanc Capital Markets raised its price target to $40, maintaining an Overweight rating, highlighting Pinterest’s strategic partnerships and user engagement as growth drivers. Jefferies also adjusted its price target to $31, holding a Neutral rating, acknowledging the company’s resilience amid macroeconomic concerns. Citi increased its price target to $41, reiterating a Buy rating, and noted Pinterest’s success in leveraging artificial intelligence for advertising growth and user engagement. Pinterest’s second-quarter guidance projects a revenue growth of 12-15%, reflecting ongoing advertiser demand despite broader economic uncertainties.
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