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Investing.com - TD Cowen raised its price target on Pinterest Inc (NYSE:PINS) to $43.00 from $40.00 on Tuesday, while maintaining a Buy rating on the social media company’s stock. According to InvestingPro data, Pinterest has demonstrated strong momentum with a 24% year-to-date return, though the stock currently trades at elevated valuation multiples.
The firm cited positive advertising checks and performance indicators in its decision to increase the target. TD Cowen forecasts Pinterest’s second-quarter 2025 revenue growth at 14.6% year-over-year, driven by improving monetization and contribution from new Performance+ advertising tools. This projection aligns with Pinterest’s recent performance, as the company achieved an 18% revenue growth over the last twelve months, maintaining a robust gross profit margin of nearly 80%.
The research firm’s advertising check indicated strong uptake of Performance+ Creative and Bidding tools to date, alongside accelerating spending growth from advertisers. This positive momentum led TD Cowen to slightly raise its long-term estimates for the company.
TD Cowen’s second-quarter revenue growth forecast aligns with consensus estimates and falls toward the high end of management’s guidance range. The firm expressed confidence in its forecast for mid-teens year-over-year revenue growth through the second half of 2025 and into 2026.
This projected growth is expected to be supported in part by gradual increases in advertiser adoption of Pinterest’s Performance+ campaign tools, according to the research note.
In other recent news, Pinterest Inc. has seen several significant developments. Wells Fargo (NYSE:WFC) increased its Q2 2025 revenue estimate for Pinterest to $980 million, indicating a 15% year-over-year growth, and expects Q2 EBITDA to slightly exceed guidance. The firm also raised its Q3 2025 revenue growth forecast to approximately 15% year-over-year, citing strong user engagement and a stabilizing tariff environment. Additionally, Pinterest’s recent first-quarter earnings report exceeded Wall Street’s estimates, leading Cantor Fitzgerald to raise its price target for the company from $35 to $39, while maintaining an Overweight rating.
Pinterest shareholders approved key proposals during the company’s annual meeting, including the election of directors and amendments to the company’s bylaws and Certificate of Incorporation. The amendments include officer exculpation as permitted by Delaware law and enhanced procedural requirements for shareholder nominations. Benchmark analyst Mark Zgutowicz reaffirmed a Buy rating with a $45 price target, highlighting Pinterest’s strong first-quarter results and the potential for market share gains through its Performance+ product.
Piper Sandler reported improvements in Pinterest’s advertising offerings, noting that Performance+ campaigns now offer better pricing on similar click-through rates compared to standard campaigns. The company’s largest advertiser’s budget is predominantly dedicated to direct response advertising, supporting Pinterest’s robust user engagement. Collectively, these developments reflect Pinterest’s strategic advancements aimed at expanding its advertising capabilities and attracting larger advertisers.
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