Pinterest, Inc. (PINS) Price Targets Fall, but Wall Street Keeps the Buy Call

Pinterest, Inc. (NYSE:PINS) is among the stocks under $50 to buy now. According to TheFly, UBS trimmed the price target on Pinterest, Inc. (NYSE:PINS) to $40 from $48 and maintained a Buy rating on the stock, on January 20. As the analyst stated in a research note, fourth-quarter earnings for ad-driven firms are likely to show lower-than-usual beats, following a lagging October due to a government shutdown and a subsequent rebound in November and December. UBS notes that while five out of nine companies surpassed previous guidance, two matched the estimates, and remaining two missed expectations.

Similarly, on January 13, Goldman Sachs reduced the price target on Pinterest, Inc. (NYSE:PINS) to $32 from $36, keeping a ‘Buy’ rating. The analyst notes that both industry work and channel checks reflect a robust, steady fourth quarter, highlighting that it is backed by supportive auction trends, strong pricing per ad impression, and solid seasonal ad spend.

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Overall, Pinterest, Inc. (NYSE:PINS) has a ‘Buy’ rating from 76% of the analysts covering the stock, as of January 21. With a median price target of $36, the stock has an upside potential of 43.83%.

Pinterest, Inc. (NYSE:PINS) is a California-based company operating as a visual search and discovery platform. Incorporated in 2008, the company allows users to find ideas, search, save, and shop, and to offer various advertising products.

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