Pinterest Inc (PINS) PT Lowered to $33 at Benchmark Ahead of Q1 Earnings

(Updated - April 30, 2026 10:53 AM EDT)

Benchmark analyst Mark Zgutowicz lowered the price target on Pinterest Inc (NYSE: PINS) to $33.00 (from $34.00) while maintaining a Buy rating.

The analyst commented, "We reiterate our Buy rating in front of Pinterest’s 1Q earnings on Mon., 5/4, AMC as valuation already embeds structurally slower topline growth NTM+ despite upside optionality in 2H. Our 1QE/’26E total revenue/Adj. EBITDA are -1%/in-line vs. consensus, respectively. Our 1QE UCAN/Europe ARPU is +2%/-10% vs. consensus; our 1QE Europe ARPU factors a -170bps sequential deceleration (2-year stack) vs. -650bps in 4Q q/q (2-year stack), with 1Q UCAN ARPU -200bps q/q (2-year stack). Net-net, our 1QE total revenue is towards the low end of PINS’ guidance range. Key debate centers on whether SMB/mid-market can sustainably offset retail weakness without margin dilution."

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