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Investing.com - Benchmark raised its price target on Pinterest Inc (NYSE:PINS) to $48.00 from $45.00 while maintaining a Buy rating ahead of the company’s second-quarter earnings report. The stock, currently trading at $37.67, has shown strong momentum with a 29.9% gain year-to-date. According to InvestingPro, Pinterest maintains excellent financial health with a "GREAT" overall score.
The firm’s decision comes as Pinterest prepares to release its quarterly results on Thursday, August 7th, after market close. Benchmark views its current revenue and EBITDA estimates, which align with consensus, as conservative. The company has demonstrated solid performance with 17.81% revenue growth over the last twelve months.
Benchmark cited several factors supporting its positive outlook, including no modeled incrementality in the second half of 2025 for new Performance+ product adoption, which includes ROAS bidding and Creative features.
The firm also highlighted Pinterest’s multi-quarter investments in GPU-enabled innovations such as Visual Search, which should improve advertiser and user engagement efficiencies, potentially driving upside to revenue in the second half of 2025 and into 2026.
Benchmark expects performance-driven market share gains within Enterprise as new products expand advertiser prospects to businesses with $1 billion to $30 billion in annualized GMV, while maintaining conservative 2025 and 2026 topline estimates despite prospects for new products driving second-half total revenue growth to over 18%.
In other recent news, Pinterest Inc has been the focus of several analyst updates. Jefferies raised its price target for Pinterest to $35, maintaining a Hold rating, and expects the company’s second-quarter revenue to meet or exceed the high end of its guidance range of $960-980 million. Meanwhile, Stifel increased its price target to $46, keeping a Buy rating, and noted slight upside potential for Pinterest’s second-quarter financial results despite mixed signals. Morgan Stanley (NYSE:MS) upgraded Pinterest to Overweight, raising its price target to $45, citing improvements from GPU-enabled innovation and better ad performance. KeyBanc adjusted its price target down to $40 but maintained an Overweight rating, anticipating slight upside in second-quarter revenue and EBITDA due to stable economic conditions and product momentum. TD Cowen also raised its price target to $43, maintaining a Buy rating, and highlighted positive advertising checks and performance indicators, forecasting a 14.6% year-over-year revenue growth for the second quarter of 2025. These developments reflect varied analyst perspectives on Pinterest’s financial performance and future growth potential.
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