Benchmark Reiterates Buy Rating on Pinterest Inc (PINS) Following Q1 Results

Benchmark analyst Mark Zgutowicz reiterated a Buy rating and $33.00 price target on Pinterest Inc (NYSE: PINS).

The analyst commented, "Pinterest delivered a materially better 1Q than our low-end setup that de-risks near-term UCAN ARPU and 2Q growth, while a durable 2H26E/’27E revenue acceleration leans loosely on core UCAN recovery and early measurement/bidding gains. 1Q revenue was ~$1.008B, +18% y/y, vs. consensus $965M, with the upside primarily UCANdriven. UCAN revenue was $750M, +13% y/y, vs. consensus $713M, while UCAN MAUs were broadly in line, implying ARPU of ~$7.08 vs. consensus $6.84. The tangible drivers were stronger UCAN demand/mix, conversion and consideration-objective spend, retail that was less weak than feared, emerging verticals such as financial services, and tvScientific (tvS)."

For an analyst ratings summary and ratings history on Pinterest Inc click here. For more ratings news on Pinterest Inc click here.

Shares of Pinterest Inc closed at $20.85 yesterday.

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