Piper Sandler has revised its outlook for Pinterest (PINS, Financial), decreasing the stock's target price from $41 to $34. Analyst Thomas Champion expressed caution about the company's upcoming earnings report, maintaining a Neutral rating for the shares.
The adjustment comes alongside a slight contraction in Piper Sandler’s forecasts for Pinterest’s financials in fiscal year 2025. The firm anticipates a 2.1% reduction in expected revenue and a 2.4% decrease in estimated EBITDA. This revision reflects concerns primarily related to Pinterest's exposure in the home segment and brand engagement, areas where the firm sees potential challenges ahead.
