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Investing.com - Evercore ISI has reiterated an Outperform rating on Pinterest Inc (NYSE:PINS) with a price target of $50.00, despite the stock’s recent 11% decline. Currently trading at $39.17, Pinterest has shown strong momentum with a 35% gain year-to-date, according to InvestingPro data.
The research firm characterized the drop as an "Expectations Correction rather than a Fundamentals Correction," noting that Pinterest shares had rallied significantly before the recent earnings report. This assessment aligns with Pinterest’s "GREAT" financial health score from InvestingPro, which offers 12 additional exclusive insights about the company’s performance.
Evercore ISI highlighted Pinterest’s "impressively compounding product cycle for marketers" across multiple dimensions, including MDL, DL, 3P, and PP offerings, alongside "very solid MAU and engagement growth."
The firm also pointed to Pinterest’s "consistent cost discipline" which has resulted in rising EBITDA margins, positioning the company as what it terms a "solid Rule of 40 company."
With Pinterest trading at approximately 14X EV/EBITDA, Evercore ISI views the stock’s valuation as "highly attractive" given its combination of "mid-to-high-teens Revenue growth and a ~30% EBITDA Margin."
In other recent news, Pinterest Inc’s Q2 2025 earnings report has drawn significant attention from analysts and investors alike. Goldman Sachs maintained its Buy rating on Pinterest, highlighting that the company exceeded its guidance range and provided optimistic Q3 revenue guidance, suggesting strong digital advertising demand. Guggenheim also raised its price target for Pinterest to $44, emphasizing the company’s early-stage monetization opportunities and AI-related investments as key drivers for revenue growth. Benchmark increased its price target to $48, viewing current revenue and EBITDA estimates as conservative ahead of the company’s upcoming quarterly results. Jefferies, while raising its price target to $35, maintained a Hold rating, expecting Pinterest’s second-quarter revenue to be at or above the high end of its guidance range. Stifel, maintaining a Buy rating, raised its price target to $46, noting mixed checks but slight upside potential to the company’s second-quarter financial results. These developments reflect a generally positive sentiment among analysts regarding Pinterest’s financial performance and growth prospects.
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