Morgan Stanley has revised its price target for Pinterest (PINS, Financial), reducing it from $42 to $28. The decision comes as the firm reassesses its outlook on North American internet stocks, factoring in broader economic impacts. The adjustment in estimates reflects anticipated macroeconomic challenges and tariff-related pressures that are affecting e-commerce and digital advertising sectors.
Maintaining an Equal Weight rating on Pinterest, Morgan Stanley's updated forecast indicates a cautious stance amidst shifting market conditions. This move is part of a broader evaluation of how current economic headwinds could influence online business performance and advertising revenue.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 34 analysts, the average target price for Pinterest Inc (PINS, Financial) is $42.08 with a high estimate of $55.00 and a low estimate of $25.00. The average target implies an upside of 65.33% from the current price of $25.45. More detailed estimate data can be found on the Pinterest Inc (PINS) Forecast page.
Based on the consensus recommendation from 41 brokerage firms, Pinterest Inc's (PINS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Pinterest Inc (PINS, Financial) in one year is $40.35, suggesting a upside of 58.55% from the current price of $25.45. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Pinterest Inc (PINS) Summary page.
